Bulgarian Stock Exchange 9-mo cons net profit surges 76% y/y

BSE's operating revenue grew to 19.3 million levs in January-September from 13.3 million levs in the like period of last year, mostly due to higher interest income, the company said in an interim financial statement on Wednesday.

At the same time, the company's expenses widened to 8.9 million levs in the review period from 7.4 million levs a year earlier on the back of higher costs for hired services, including subscription, licence and consulting fees, as well as remuneration expenses.

Turnover on the four market segments managed by the BSE surged by 64% year-on-year to 290.1 million levs in the third quarter, whereas the number of transactions dropped by 23% to 18,618. The highest rise in turnover in July-September was registered on the main BSE market, of 134% to some 223.3 million levs.

The number of financial instruments issued on the BSE totalled 783 at the end of September against 579 in the prior-year period, with the steepest increase booked on the MTF BSE International segment, which lists some 400 global corporations, ETFs and exchange-traded cryptocurrency notes (ETNs).

Shares in the Bulgarian Stock Exchange last traded on Wednesday when they closed at 10.85 levs on the Sofia bourse, bourse data show.

(1 euro = 1.95583 levs)