The brokerage segment had a positive dynamic, with fee income growing to RON3.64 million in the first half of 2020 (versus RON1.27 million in January-June 2019). From this perspective, BRK reported a turnover of RON418 million (+77% on the year).
Occasional expenses incurred by this activity totaled RON1.82 million, generating profit of RON2.18 million from the brokerage activity.
Financial income reached RON4.4 million in the first half of 2020, compared with RON12 million in the same period of 2019. Expenses grew 10% to RON5.8 million. Thus, the result of the operating activity is represented by loss of RON6.42 million for the first half of 2020.
The company’s total assets grew 24.67% to RON180 million on June 30, 2020 compared to the end of 2019, mainly due to the growth of other financial assets (+ 208.44% compared to December 31, 2019). The company’s total debts increased by 52.48% to RON122.38 million.
“At the end of the first half of 2020, BRK Financial Group ranked 6th in the ranking of BVB intermediaries, the value of intermediated transactions on all segments / all instruments, the spot market and futures amounting to over 610.86 million lei, higher than the level of 284.54 million lei traded value in the first half of 2019. The market share reached at the end of the first half of 2020 to 4.91% after the total traded value (2.54% share of market in the first half of 2019),” per the company’s financial report.