GPW profits on the rise

WSE-listed Giełda Papierów Wartościowych, operator of the Warsaw bourse posted PLN 30.4 million attributable net profit in Q4 2016 (14.3 percent increase y/y), company said in a market filing. For the whole year, the profits stood at PLN 131.09 up from PLN 121.48 million in 2015. Financial market revenues for the quarter came to PLN 49.8 million, up 6.5 percent q/q. Commodities market revenues in Q4 were up 17.3 percent q/q to PLN 31.2 million. WSE expects a recovery in IPOs in H1 2017. “Still in H1 we expect the bull market to attract new firms to our trading floor,” GPW CEO Małgorzata Zaleska said. “We are seeing potential issuers, there are more meetings, talks, also in our region. We expect a significant growth of interest in public offers,” she added.