Warsaw Stock Exchange in the first quarter of 2015. Reached its historical revenues – Polish Radio

At the turn of September and October is planned to launch the derivatives market based on the price of electricity.
WSE President Paul Tamborski said during a meeting with journalists that the first quarter should be seen as a good entry in 2015. – The motor of growth is Power Exchange – he stressed.
He said that the results for the first quarter are affected by “a few adjectives” – this record revenues and EBITDA, when it comes to the story of the Warsaw Stock Exchange, the best quarter in the history of the commodity market. – One would like to say that this is not our last word. What is essential and what is worth emphasizing it is a question of cost discipline, although we are an institution that thinks about development. Therefore, our business philosophy today is that we are trying to save, not spend in a hasty measures – he said.

investments are needed
Tamborski said, Warsaw Stock Exchange that the board is counting on further development of the stock market, which requires investment. He added that the board of the Warsaw Stock Exchange has recommended a dividend of 2.40 zł per share, which means that the dividend was allocated to 90 per cent. profit, and the dividend yield would be about 5 percent. – That’s an interesting parameter – decided Tamborski. He pointed out that the resolution of the board of the stock exchange on the proposed distribution of profits for 2014. Will be the subject issuing opinions by the board of the stock exchange, and will be submitted to the General Meeting of Shareholders.
– These are the agents of shareholders. We would have to have very good reasons for these funds to our shareholders not to distribute. This is our decision at this time – he stressed.

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Source: Newseria

Derivatives Market based on the price of electricity

WSE President announced that the company operates a number of projects that are aimed at improving the efficiency of the WSE and its entire group. For projects which seek greater integration within the group. According to him test for interaction in the group will be launching derivatives market based on the price of electricity.
– The plan is that after the holidays at the turn of September and October this market launch. It will be a new quality in our market – he said. He noted that the WSE operates a number of external initiatives related to the fact that the company is not only exchange operator, but also an institution important for capital market and financial market and Polish economy. – It’s reaching initiatives towards making our market more interesting and friendly for the participants – he said.
Tamborski noted that the first quarter of 2015. “was the bottom” when it comes to the primary market. He recalled that for next week are planned at least two big debuts on the WSE. – I think this is good news, we were waiting for – showing that we’re still a major player and capital resource, a place where international investors are coming – assessed. He added that in terms of Wirtualna Polska and Uniwheels.
According to the data presented by the WSE Group net profit in the first quarter amounted to 38.4 million zł and were higher by 2.1 percent. than a year ago and an increase of 58 percent. than in the previous quarter.
The increase year over year was primarily the result of higher revenues from commodity market, which recorded the best quarter in history, as well as the result of a significant reduction in operating costs. The increase in net income compared to the fourth quarter. 2014. Was related primarily to higher sales in the segment of the financial market, mainly from trading in shares and reduce operational costs. As a result, operating profit of 48.1 million zł in the first quarter. 2015. Was the best result ever (an increase of 45.2 percent. Qoq and by 14.9 percent. Yoy).

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Source: Newseria

– EBITDA amounted to 54.3 million zł, which is the highest level in history – underlined. Revenues from sales were higher by 1.9 percent. compared with the previous year and about 5 percent. higher than in the previous quarter. It was pointed out that the increase in revenues compared to the fourth quarter. 2014. Is due to both the improvement in the financial market, as well as a very good quarter in the commodity market. Average turnover of shares per session in the first quarter. 2015. Amounted to 839 million zł and were about 2 percent. higher than the average in 2014.
– Commodities characterized by the high activity of participants, both on instruments for electricity, natural gas, as well as on property rights. This resulted in an increase in the share of this segment in the sales revenues of the Group WSE to 42.4 percent. – Written.
Revenues from the sale of the commodity market reached a record level of 37.4 million zł, an increase of 24.3 percent. (Yoy) and 4.5 per cent. compared with the previous quarter. On the freight market revenue consisted of revenue from trading in, keeping a register of certificates of origin and settlement.
According to the message the company’s operating costs in the group has been reduced to 40.1 million zł, which represents a decrease of 8.8 percent . year on year and by 21.9 percent. on a quarterly basis.

PAP, abo