WSE announced results. Falling revenues from the financial market, grow … – Money.pl

2015-04-30 8:33

Author: (DS) (ISBnews)

Paul Tamborski, President of the Warsaw Stock Exchange

The Warsaw stock market improves. In the first three months of this year he earned 38.4 million. Revenues are however not the main activities of the Warsaw Stock Exchange, or trading. More and better freight segment falls, more specifically natural gas trade. On the occasion of the publication of the results of the management board proposed to pay a dividend of PLN 100 million.

The Warsaw Stock Exchange (WSE) recorded 38.4 million zł net profit in the first quarter. 2015. To 37 , 62 million zł profit a year earlier, the company said in a report. Consolidated sales revenues reached 88.17 million zł. That’s about 1.5 million zł more than last year.

“The increase in sales revenue compared to the first quarter of 2014. Was mainly due to higher revenues achieved in the freight market segment, mainly in the area of ​​trading in gas Natural and settlement of transactions. Revenues from the financial market were lower, which was mainly the result of lower income from trading in equities and derivatives “- the report says.

Unconsolidated net profit in the first quarter Warsaw Stock Exchange. 2015. amounted to 14.9 million to 16.2 million zł zł in the first quarter. 2014. TGE Group’s net profit in the same quarter amounted to 23.2 million and 17.8 million zł zł.

The WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. It is developing Catalyst – market for issuers of corporate and municipal bonds and commodity markets. Since 9 November 2010. WSE is a public company listed on the dance floor run by themselves.

The Exchange intends to apply to the board of the stock exchange to submit its opinion on the distribution of profit for the year 2014 which provides for the payment of dividend in the amount of 100.73 million zł, which gives 2,40 zł per share, said the stock market.

“proposed by the board of the exchange value of the dividend is in line with the company’s dividend policy, which is to pay dividends at above 60 per cent. attributable to shareholders of the Warsaw Stock Exchange consolidated net profit WSE Capital Group for the financial year adjusted for share of profit from associates “- reads the release.

The proposed amount is 89.9 per cent. the company’s consolidated net profit for the fiscal year 2014 attributable to shareholders of the Stock Exchange.