The operating revenues decline came amid Hidroelectrica’s IPO in Q3/2023.
Trading revenues are 23% above the level of the first nine months of 2023, on increased liquidity on the market and rising number of investors, but on a downward trend against early 2024.
Market data revenues increased by 24% year-on-year, while revenues from issuers fees were 12% higher than in the previous period.
The RON21.42 million operating expenses are 15% higher, amid inflation that generated rising personnel expenses, services prices.
The RON3.91 million financial result was 45% higher year-on-year.
At a consolidated level, BVB Group reported RON57.34 million operating revenues, down 4% from 9M/2023, on the increase in revenue base for both trading and post-trading segments.
Operating expenses climbed by 19%, to RON47.87 million, influenced by the increase in personnel expenses, necessary to maintain the level of operational activities in optimal conditions, as well as the increase in costs of implementing projects and investments carried out by the BVB Group.
In Q3/2024, BVB reported RON9.58 million revenues at individual level, down 60%. Net profit reached RON2 million, 83% lower than in the year-earlier period.
(English version by Catalina Apostoiu)