Hellenic Exchanges reports 60 pct drop in H1 net profits
Hellenic Exchanges Group on Monday reported a 60 pct drop in its consolidated net profits in the first half of 2015 to 5.4 million euros. Net earnings per share dropped to 0.07 euros per share in the first six months of the year, from 0.22 euros in the corresponding period in 2014.
Consolidated turnover fell to 18.5 million euros, from 26.8 million euros last year, while consolidated revenue fell to 17.6 million euros from 25.6 million.
Consolidated revenue fell because of a decline in trading activity and the market’s capitalisation and a smaller number of corporate activities (share capital increases, new listings, etc). Average daily turnover was 101.8 million euros in the first half, from 150 million euros last year, a decline of 32 pct, while the market’s capitalisation fell by 35 pct to 47.7 billion euros from 73.2 billion in 2014.
In the derivatives market, the average daily number of contracts grew 105 pct to 95,000, while trading and settlement revenue grew 3.7 pct.
