Hellenic Exchanges reports 20 pct increase in net after-tax profits in Q1‏

Hellenic Exchanges on Monday reported a 20 pct increase in its consolidated net after-tax profits in the first quarter of 2014 to 4.8 million euros, from 4.0 million euros in the corresponding period last year.

The Group said that net earnings per share were 0.08 euros

in the January-March period, up from 0.06 euros in 2013. Turnover totalled 10.2 million euros in the first three months of the year, from 8.85 million euros in the same period in 2013, while consolidated turnover was 9.9 million euros from 8.6 million over the same periods, respectively.

Hellenic Exchanges said its turnover was boosted by a rise in trading activity and of prices. Trading, settlement and clearing of warrants also boosted trading volumes, accounting for 107 pct of the value and 19.7 pct of volume in the market during the first quarter.

The market’s average capitalisation jumped 98 pct in the first quarter, compared with the same period last year, to 72.1 billion euros from 36.4 billion, while average daily turnover was 107.5 million euros from 65.3 million euros, an increase of 65 pct. 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.

source: ΑΜΝΑ