Bulgarian Stock Exchange Q1 cons net profit jumps 55% y/y

BSE's total operating revenue went up to 7.4 million levs in January-March from 5.6 million levs in the like period of 2023, mostly due to higher interest income, the company said in an interim financial statement last week.

At the same time, the company's expenses widened to 3.1 million levs in the review period from 2.8 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 soared by 114% year-on-year to some 193.4 million levs in the first quarter, whereas the number of transactions jumped by 40% to 22,653. The highest rise in turnover in January-March was registered on the alternative BaSE market, of 310% to some 18.6 million levs.

The number of financial instruments issued on the BSE totalled 783 at the end of March against 775 in the prior-year period, with the steepest increase booked on the bonds segment of the bourse.

As of 1116 CEST on Monday, shares in the Bulgarian Stock Exchange traded 2.08% higher at 14.70 levs on the Sofia bourse.

(1 euro = 1.95583 levs)