Profit Up 50% So Far This Year at Budapest Stock Exchange

  • 11 Dec 2023 1:15 PM
  • Hungary Around the Clock
Profit Up 50% So Far This Year at Budapest Stock Exchange
The Budapest Stock Exchange on Friday reported a Ft 4.2 billion net profit for the first nine months of this year, a 51% year-on-year rise.

Revenue – including the contribution by the central equity clearing house Keler – reached Ft 2.7 billion, of which Ft 969 million arrived in the third quarter alone.

Revenue from trading was down 30%, but revenue from issues went up by 9% and revenue from data sales grew by 11% to Ft 985 million.

At the end of September 153 companies were listed on the BSE, including one new listing in the third quarter.

The exchange’s financial profit amounted to Ft 199 million in the first three quarters, reversing the Ft 69 million loss of one year earlier.

Expenses added up to Ft 1.8 billion in the first three quarters.

Ebitda went down by 29% to Ft 1 billion.

Keler realised an Ft 8.9 billion pre-tax profit in January-September.

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