Bucharest Stock Exchange’s net profit down 44% in the first half

Bucharest Stock Exchange (BVB) posted a net profit of RON 1.8 million (EUR 404,000) in the first half of 2016. The result was 44% lower than the one registered in the same period the previous year, according to BVB’s financial report. The net profit “was also influenced by the unrealized exchange rate losses from the revaluation of foreign currency financial assets, with a net margin of 13%. The trading segment has contributed with a half-yearly profit of RON 1.7 million to the full Group net profit,” reads the report. The impact of weaker results of the first quarter generated 5% lower operating revenues in the first half of the year, compared to the same period in 2015, of RON 14.2 million (EUR 3.19 million), and 5% lower operating expenses in year-on-year terms, of RON 12.9 million (EUR 2.89 million). At the end of June 2016, total assets of BVB Group were RON 170.2 million (EUR 38.2 million), 5% lower compared to the beginning of the year, following an 11% decline in current assets. Bucharest Stock Exchange opens up for short selling operations Irina Popescu, irina.popescu@romania-insider.com