In January through September 2011, the market operator reported net profit of RON15.8 million.
The exchange said trading revenue, including public offers, was RON11.51 million in the first nine months of 2012, down 22% compared to the same period of 2011.
Revenue from sales fell 17% to RON13.98 million, from RON16.9 million in January-September 2011, the exchange said in its financial report.
Operating profit declined 29% to RON4.8 million, largely due to lower dividends from the Central Depository. Operating expenses declined 9% on the year to RON9.18 million.
“In the absence of further privatizations and in the context of European and local developments, on the equity and fund units markets (including DEAL trades) were recorded trades amounting to RON5.83 million, down 33% on the year,” the market operator said.
On the other hand, trade value on the structured market more than doubled to RON535 million in the first nine months, from RON248 million a year earlier.
The market operator reported total revenue of RON21 million in January through September, down almost 30% on the year, while overall costs fell 16% to RON10.4 million.
The exchange estimates investor appetite will remain subdued in the fourth quarter of 2012 as well, considering the upcoming parliamentary elections in December.
“Given that, the market operator has implemented a cost-cutting program for certain categories of expenses, without inducing operating risks, while new activities to promote and develop the market and changing the organizational structure of the bourse were taken, activities for which we estimate increase in operating expense in the fourth quarter of 2012,” the report showed.
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 2011.
At 10:33 am Friday, the bourse’s shares traded down 0.68% at RON22.05. (EUR1=RON4.5156)