November 28 (SeeNews) - Bulgarian Stock Exchange (BSE) [BUL:BSO] said its consolidated net profit jumped to 3.2 million levs ($1.9 million/1.7 million euro) in the first nine months from 127,000 levs a year earlier, thanks to the acquisition of the country’s energy exchange IBEX.
The group moved to an operating profit of 2.88 million levs from a loss of 19,000 levs loss in the same period last year.
The company’s revenue surged to 5.7 million levs from 1.6 million levs a year earlier, which is mainly due to the consolidation of IBEX’s revenues, BSE said in an interim financial statement on Tuesday. It completed the acquisition of IBEX in February 2018. The parent company contributed mainly to the increase in the group's financial income to 728,000 levs from 155,000 levs.
Founded in 1995, BSE is the only functioning stock exchange in Bulgaria.
As at 11:45 CET on Wednesday, BSE shares traded 16.33% higher at 5.7 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)