WSE initially had a net profit of PLN 45.7 mln in Q2 2021
22:38
The Warsaw Stock Exchange (WSE) had a net profit of PLN 45.7 million and PLN 98.8 million of consolidated sales revenues in Q2 2021, which means an increase of 18 percent and a decrease by 12 percent, respectively, compared to the first this year, the company said, presenting estimated data.
Operating profit amounted to PLN 49.8 million (increase by 11 percent q/q), and EBITDA to PLN 58.4 million (increase by 9 percent q/q). The operating costs in Q2 amounted to PLN 51.1 million (down by 24 percent q/q).
“The level of revenues was influenced by the change in the volume of trading on the markets in Q2 2021 compared to Q1 2021: a decrease in the total value of shares traded on the WSE Main Market by 20.1 percent, decrease in the total volume of trading in derivatives by 11.2 percent, an increase in the total volume of electricity trading by 11.8 percent, an increase in the volume of gas trading by 1.0 percent, a decline in the volume of trading in RES property rights by 0.5 percent, and an increase in trading in property rights for energy efficiency by 57.5 percent," the release reads.
Lower operating costs are mainly due to the fact that in January 2021 provisions were set up for the estimated fee for the Polish Financial Supervision Authority (KNF) for 2021 in the amount of PLN 14.2 million.
