In the first quarter of 2012, the market operator reported net profit of roughly RON2.8 million.

The stock exchange reported operating profit of RON0.66 million in January through March, down 66% from RON1.93 million a year earlier.

“The decline from the RON1.93 million profit registered in the year-ago quarter occurred on the back of lower revenues,” the market operator said in its financial report.

It said the first-quarter operating margin was 16%, lower from 38% in the same period of 2012.

Operating costs rose 10% year-on-year to RON3.4 million in the first quarter, mainly due to a 13% increase in personnel expenses.

Sales revenue declined 19% to RON4 million in the first three months, from RON5.03 million in the same period of 2012.

Overall trading in the stock market, including the Deal segment, fell to RON1.9 billion in January through March, from RON2.3 billion in the year-earlier quarter.

The results are non-consolidated, unaudited and computed under local accounting standards.

The stock exchange listed its shares on its own trade platform in June 2010.

At around 1:10 pm Friday, the bourse’s shares traded up 1.43% at RON17.75, amid a mixed market. (EUR1=RON4.3241)