WSE Q2 profit in line with expectations

Warsaw Stock Exchange, had a PLN 42 million net profit in Q2 2017, up 26.7 percent y/y and PLN 0.5 million above expectations. The revenues stood at PLN 87.6 million, up by 17.7 percent y/y, and in line with the consensus, while the operating profit was up by 34 percent y/y, to PLN 49 million. “The increase in operating profit was mainly due to higher revenues from the financial market segment (an increase of PLN 20.8 million in H1) as well as higher revenues from the commodity market segment (an increase of PLN 2.7 million in H1). The increase in the revenues from the financial market is mainly due financial market revenues is mainly due to the increase in trading income from shares and other equity instruments,” the market filing said.