Bucharest Stock Exchange Group reported a net profit worth RON 3.35 million in the first half of this year, down 62 pct compared to the same period last year, according to a BVB report, write Agerpres.

BVB’s individual net profit in the first half of 2023 was RON 3.72 million, down from RON 9.10 million in H1 2022, with a net margin of 29 pct.

According to the report, BVB Individual’s operating revenues in H1 2023 amounted to RON 13 million, down 29 pct compared to H1 2022, amid increased volatility and significant volumes transactions in Q1 2022 following the outbreak of the conflict in Ukraine, as well as larger public offerings in H1 2022. In the first half of 2023, the transaction volumes were at a low level, in the context of a state of market expectation for the IPO of Hidroelectrica.

As for the net profit of the individual Central Depository in H1 2023, it was RON 2.63 million, a constant level compared to H1 2022.

The revenues of the individual Central Depository in H1 2023 amounted to RON 12.90 million, +5 pct, mainly due to the increase in tariffs including the maintenance fee for issuers, while transaction settlement revenues remained relatively constant compared to the previous period.

Also, the Central Counterparty recorded a loss of RON 1.60 million in the first half of this year, up 9 pct compared to the previous period, influenced by the evolution of the operating loss.