Warsaw bourse celebrates record revenue
PR dla Zagranicy
John Beauchamp
30.04.2015 12:59
The Warsaw Stock Exchange has reported record revenue for the first quarter of 2015, amounting to PLN 88.2 million.
GPW
Speaking on Thursday, WSE President Paweł Tamborski said that the first quarter should be treated as a good beginning to 2015.
“The motor for growth is the Polish Power Exchange,” Tamborski said, adding that the WSE board has recommended to pay out dividends of PLN 2.40 on each share.
The move means 90 percent of the WSE’s profits would be given back to the shareholders and the dividend rate would come in at 5 percent.
In Q1 2015 the WSE Group’s net profit came in at PLN 38.4 million and was 2.1 percent higher year-on-year and up 58 percent on Q4 2014.
“EBIDTA profits stood at PLN 54.3 million, which is the highest level in history,” a WSE statement informed, which also adds that operating costs for the group dropped to PLN 40.1 million, down 8.8 percent y/y and 21.9 percent down on the previous quarter. (jb)
Source: PAP