“We hereby report a 2020 net profit of RON1.87 million, taking into account what a difficult year this has been, with a loss of RON5.24 million during the first 6 months, followed by a strong rebound during the third and the fourth quarter of 2020 (RON4.22 million Q3/2020 profit, RON4.1 million profit in Q4/2020), significantly surpassing the budget projections that were made in April – when the portfolio was yet to be impacted by the market corrections,” BRK Financial Group CEO, Monica Ivan, said in the report.
At individual level, BRK Financial Group reported a net profit of RON1.9 million in 2020, down 77% on the year, and revenue from the intermediation activity soared 114.7% to RON8.3 million, per ZF calculations.
“Each of the 3 intermediation segments (domestic market trading, international market trading, services addressed to issuers) generated an income at least double compared to the previous year, so that all revenues from the intermediation segment reached the level of RON8.3 million (vs RON3.8 million / 2019), increasing by 114% compared to the previous year. Among the growth catalysts we mention the ascending evolution of the number of newly opened accounts, but also the increase of the value of transactions made by existing customers, BRK intermediating transactions totaling RON1.38 billion on BVB in 2020 (vs. RON 616 million in 2019, + 124%) . As to the market positioning, BRK was the 7th place in the top of intermediaries on BVB, the market share increasing from 2.53% in 2019 to 3.70% in 2020. The exponential growth of fees related to transactions on international markets as well as the quantitative increase of primary market operations offered to issuers,” per the report.
Revenue from market making operations reached RON3.95 million in 2020, up 231.5% from 2019, and the profit from the basic activity reached RON3.1 million in 2020, compared with a loss of RON2.9 million in 2019.
As to the market positioning, BRK was the 7th place in the top of intermediaries on BVB, the market share increasing from 2.53% in 2019 to 3.70% in 2020. The exponential growth of fees related to transactions on international markets as well as the quantitative increase of primary market operations offered to issuers.
BRK has a market value of RON52.4 million. Its shares have been trading up 87.8% since the beginning of 2021, amid deals worth RON14.3 million, stock market data also show.