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Bulgarian Stock Exchange's cons net profit rises in Q1

Bulgarian Stock Exchange's cons net profit rises in Q1 Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), June 1 (SeeNews) - The Bulgarian Stock Exchange (BSE) [BUL:BSE], the operator of the bourse in Sofia, said that its consolidated net profit rose to 1.9 million levs ($1.2 million/971,400 euro) in the first three months of 2021 from some 1.3 million levs a year earlier.

The BSE's consolidated revenue grew to 3.9 million levs in the first quarter of 2021 from 3 million levs in the comparable period of 2020, the company said in an interim financial statement, published last week.

The bourse's revenue was boosted by a 775,000 levs increase in the volume of electricity trading fees collected by the Independent Bulgarian Energy Exchange (IBEX), the financial statement showed.

Expenses increased to 1.8 million levs in the review period from 1.6 million levs in the first quarter of 2020, due to a rise in expenses for hired services.

As at 13:20 CET on Tuesday, BSE's shares traded 1.67% lower at 5.90 levs on the Sofia bourse.

(1 euro = 1.95583 levs)

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