For BRK Financial Group, the activity of market making and issuing of structured products generated a net income of RON1.44 million in the first quarter of 2021, up 15% on the year, with the broker concluding contracts for providing liquidity for several companies of the first stock market league.
BRK announced Friday that, on Friday (July 1), it concluded a contract with a commercial company with a view to conducting the share capital increase via private placement and, subsequently, its listing on the Bucharest Stock Exchange.
BRK Financial Group reported a consolidated net profit of RON10.7 million for the first quarter of 2021, compared with a loss of RON4.7 million in the same period in 2020. Its core brokerage activity generated revenues of RON2.5 million in the first quarter of 2021, 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 278% since the beginning of 2021, amid transactions totaling RON47 million, per stock market data.