ATHENS, Greece, July 28, 2010 /PRNewswire-FirstCall/ --
- EUR10.0m net after tax profits
The consolidated net after tax profits of HELEX in the first half of 2010 amounted to EUR10.0m compared to EUR16.9m in the corresponding period last year, reduced by 41%. It should be noted that this year's results include EUR7.9m in "extraordinary social responsibility tax", which was imposed on businesses on their profits for fiscal year 2009 (Law 3845/2010).
The consolidated turnover of the Group in the first half of 2010 was EUR35.5m compared to EUR32.0m in H1 2009, increased by 11%.
The operating expenses of the Group were reduced by 6% in H1 2010 and amounted to EUR10.9m compared to EUR11.6m in the corresponding period last year.
Thus, the net profits per share in H1 2010, including the extraordinary tax, amounted to EUR0.15 vs. EUR0.26 in H1 2009.
In particular, the turnover in the second quarter amounted to EUR16.4m, reduced by 15% compared to the second quarter of 2009. Revenue from clearing in the cash market in Q2 was EUR4.8m, a 25% reduction compared to Q2 2009 (EUR6.4m). Revenue from trading in the cash market was reduced by 24% in Q2, and amounted to EUR3.1m vs. EUR4.1m in the corresponding period last year. Revenue from listed companies in Q2 amounted to EUR1.3m, reduced by 37% compared to Q2 2009 (EUR2.1m). Finally, revenue from the derivatives market (trading and clearing) amounted to EUR2.6m in Q2, compared to EUR2.2m in the corresponding quarter last year, an 18% increase.
The operating expenses of the Group in Q2 2010 amounted to EUR5.6m vs. EUR5.9m in the corresponding period last year, reduced by 4%.
The net profitability of the Group in Q2 2010 (excluding the extraordinary tax), amounted to EUR8.1m vs. EUR11.0m in Q2 2009, reduced by 26%.
HELEX's financial statements are posted on the Company's website (http://www.helex.gr).
SOURCE Hellenic Exchanges SA
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