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Romania's SSIF Broker Jan-Sept Net Profit Plunges 89% - Table

Nov 14, 2008, 6:59:09 PMArticle by Sabina Kotova
share
November 14 (SeeNews) - Romanian brokerage SSIF Broker reported on Friday a net profit of 3.45 million lei ($1.2 million/925,000 euro) through September, dropping by 89% from a year earlier.

Romania's SSIF Broker Jan-Sept Net Profit Plunges 89% - Table

Company officials were not immediately available to comment on the results.

The shares of SSIF Broker, part of the blue-chip index BET of the Bucharest Stock Exchange, BVB, rose 2.72% to 0.151 lei on Friday.

SSIF Broker has said it expects its gross profit to fall by 74% to 26.1 million lei this year.

Following is data from SSIF Broker's nine-month income statement, filed to the BVB (in millions of lei):

Jan-Sept'08 Jan-Sept'07
NET PROFIT 3.45 32.83
GROSS PROFIT 3.58 39.26
TURNOVER 7.43 18.05
TOTAL REVENUE 16.71 56.66
TOTAL COSTS 13.13 17.40


SSIF Broker (www.ssifbroker.ro) became the first investment intermediary to be listed on the BVB in April 2005, following an initial public offering in 2004.

(1 euro = 3.7296 Romanian lei)

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