Hellenic Exchanges Reports 20 pct Increase In Net After-tax Profits In Q1
Hellenic Exchanges reported a 20 pct to 4.8 million euros increase in its consolidated net after-tax profits in the first quarter of 2014. The last year in the corresponding period the amount was 4.0 million euros.
The turnover was boosted by a rise in trading activity and of prices, shared Hellenic Exchanges. Trading, settlement and clearing of warrants also helped to increase the trading volumes.
The market’s average capitalisation jumped 98 pct in the first quarter, to 72.1 billion euros, while average daily turnover showed an increase of 65 pct to 107.5 million euros. Average daily volume of trading was 51.2 million shares, up from 40 million shares in the first quarter of 2013.
In the derivatives market, average daily number of contracts fell by 36 pct, while trading and settlement revenues dropped by 14 pct.
Consolidated pre-tax earnings rose to 6.6 million euros in the first three months of 2014, from 5.3 million euros in the corresponding period last year.