In the third quarter of 2020, the Group’s profit grew 30% versus the third quarter of 2019, to RON3.6 million, and its operating revenue climbed 38% to RON12 million, per the company’s financial report.
In January-September 2020, the trading segment revenues (BVB, excluding intra-group transactions) stood at RON20.3 million, up 33% from the same period in 2019, due to increased value traded on the main stock market, both regular transactions as well as offers. The profit grew 29% to RON8.76 million.
In the third quarter of 2020, the operating revenue of BVB individual grew 60% to RON7.87 million, versus RON4.91 million in the third quarter of 2019, and its profit increased by 39% on the year to RON3.41 million.
On September 30, 2020, the Group’s total assets stood at RON215 million, from RON217.6 million at the end of 2019, an evolution influenced by the decrease of current assets with a higher level than the increase of noncurrent assets. Total liabilities stood at RON65.7 million, down 3% from the level reported on December 31, 2019, mainly due to the reduction of trade and other payables.
“49% of the total liabilities are represented by the payment dividends held on behalf of the clients by the Central Depository, amounting to RON 31.98 mn, and 35% represent guarantee, compensation and margin funds for the settlement of transactions, amounting to 22.77 mn”, per the financial report.
The Bucharest Stock Exchange expects new listings in the fourth quarter of 2020, as a result of the completion of several private placements lately, for both bonds and shares.
“Several new listings expected on the BVB MTS in the final quarter, both shares and bonds, following successful private placements in the last weeks. The Ministry of Finance is considering to continue the issuances of Government bonds targeting retail investors, following the successful issuance in August and the listing of the securities on Bucharest Stock Exchange”, per BVB representatives.