SIF Muntenia lowered its holding in BRK Financial Group by 15.83%, as per calculations by Ziarul Financiar (ZF) daily.
The stockbroker also informed investors that a fund managed by SAI Atlas Asset Management – FIA DCP Investitii – reached an ownership stake of 9.2% on October 17, namely 31 million voting rights. Previously, the fund had not raported an equity stake of over 5%.
BRK Financial Group ended the first half of 2023 with RON4.1 million net loss, lower than the RON5.9 million in the year-ago period, while revenue from continued operations stood at RON12.9 million, 14.7% lower on the year, ZF has calculated from the data in BRK’s financial report.
Intermediation revenue amounted to RON8.8 million in the first half of 2023 and was 13.8% lower than in the first half of 2022. The proceeds from the Hidroelectrica IPO were not captured by half-year financial statements.
BRK Financial Group has a market capitalization of RON54 million. BRK shares have traded 41.3% higher so far in 2023, amid deals worth RON23 million, stock market data show.