The advance was supported by the 43% increase in trading revenues (up 43% yoy), the fourfold rise in public offers revenues.
Net profit reached RON10.5 million, from RON5.5 million last year, up 90%. The net margin stood at 43%, while operating expenses rose from RON13.5 million to RON15.7 million, “influenced by the advance of personnel expenses, as well as other operating expenses, effect of rising inflation”, reads the company’s financial report.
At group level, operating revenues climbed by 31% to RON42.7 million, while expenses reached RON33.5 million, up 8%. Net profit rose almost three times, to RON10.7 million.
„The third quarter of 2022 was further marked by the negative effects of the ongoing war in Ukraine and persistent inflationary pressures both globally and locally, in the context of a global economic slowdown”, reads the report.
Equity markets have accelerated their decline in the third quarter amid accelerating global inflation and as a result of central banks engaging in tighter monetary policies to combat high inflation.
In terms of outlooks for Q4/2022, the market correction weakens the prospects for new listings until the end of the year, particularly in the shares segment.
„BVB will accelerate the promotion of the market and the investor engagement events, focusing on the IPO pipeline for 2023. BVB will build on the collaboration with the Moldovan Capital Market, following the success of the Moldova-Romania capital bridges event”.
The company’s shares have added 31.4% this year, amid RON30 million deals. The company has a RON270 million capitalization.
(English version by Catalina Apostoiu)