Its profit declined in the context in which its operating revenue fell 35% on the year, down to RON17.7 million, in 2015, and its operating expenses decreased by 10% on the year to RON14.5 million, according to BVB’s preliminary financial results.
Thus, BVB’s operating profit plunged 70% on the year to RON3.2 million in 2015, while its financial profit reached nearly RON5 million last year.
BVB’s main source of income is generated by fees on stock trades. In the last quarter of 2014, BVB cut its stock trading fees, which coincided with a 32% decline in stock trading, down to RON8.9 billion in 2015.