“We report a net profit of RON10.7 million, significantly exceeding the line of previous quarters (3Q/2020, 4Q/2020), when we reported a profit of approximately RON4 million per quarter. To this amount we add the value of RON6.7 million representing the revaluation of the package of shares held in Firebyte Games, with the mention that the revaluation of the participation in subsidiaries does not impact the profit and loss account but only the value of the equity, which increased from RON68.6 million (4Q/2020) to RON86.1 million,” the company said in its earnings report Monday.
It said its core brokerage activity generated revenues of RON2.5 million in the first quarter, up 20% on the year, and a net profit of RON609,224. The trading sub-segment on the domestic market contributed the most to this increase – domestic turnovers reached RON246 million, up 50% on the year.
Market making and issuing of structured products generated RON1.44 million in revenue, up 15%.
The broker’s own-account transactions (including listed stock and bond transactions, domestic stock market-making transactions, interest income, coupons and dividends, exchange rate differences, interest expense, and market positioning of portfolio positions) registered a result of RON10.97 million, compared with a loss of RON4.75 million in the first quarter of 2020.
BRK Financial Group’s assets grew to RON195.5 million by the end of March 2021 from RON195.1 million at the end of 2020.
BRK has a stock market capitalization of RON129 million and its shares grew 367% since the beginning of the year, amid transactions totaling RON47 million.