WSE with higher Q3 profit

The Warsaw Stock Exchange generated a net profit of PLN 30 million in the third quarter of 2014, the company said in its financial statement. The result was 16 percent higher than the one recorded in Q3 2013. The WSE's profit was also almost 28 percent higher than market consensus. Analysts surveyed by the Polish Press Agency had expected it to come in at PLN 23.5 million. The bourse's revenue in Q3 2014 was PLN 77.9 million. It grew by 12.4 percent compared to Q2 and by 12.9 percent year-on-year. Market consensus saw the revenue at PLN 74.5 million. The WSE's management board said that, in accordance with a new policy, it would recommend a dividend worth 60 percent of the company's consolidated net profit. In 2014 the dividend should amount to PLN 2.40 per share and in 2015 – PLN 2.60 per share.