March 1 (SeeNews) - The Bulgarian Stock Exchange (BSE) [BUL:BSE] said on Wednesday that its consolidated net profit fell to 4.4 million levs ($2.39 million/2.25 million euro) last year from 6.6 million levs in 2021, mainly due to higher expenses.
The bourse operator's revenue rose to 18.3 million levs in 2022 from 16.5 million levs a year earlier, the BSE said in an annual financial statement. Client contracts grew by an annual 8% to 17.3 million levs, while revenue from fees for bourse transactions increased by 23%, or by 230,000 levs.
Operating expenses expanded to 13.3 million levs last year from 9.1 million levs in 2021 as costs for salaries and hired services went up by 28% and 13%, respectively.
Last month, BSE and 13 other European exchanges announced they would jointly participate in the future selection process for the provision of a consolidated tape for equities in the EU, aiming to provide a comprehensive, standardised and consistent source of market data.
As of 1000 CET on Wednesday, shares in the Bulgarian Stock Exchange traded 5.14% lower at 8.30 levs on the Sofia bourse.
(1 euro = 1.95583 levs)