WSE-operator GPW plans PLN 125m group capex in 2013 - CEO
February 22, 2013
The Warsaw Stock Exchange operator GPW expects its 2013 group capex to hit around PLN 125 million, including PLN 110 million in stand-alone capex, CEO Adam Maciejewski told a news conference on Thursday.
"The forecast investment outlays of the GPW group will amount to around PLN 125 million in 2013, including PLN 110 million at GPW alone," Maciejewski said.
Meanwhile GWP fell short of expectations with a Q4 attributable net profit of PLN 19.6 million in Q4 2012, down by 18.7% year on year, PAP Polish news agency’s calculations against the group's 2012 financial report showed.
Group revenues in Q4 came to PLN 74.1 million, a notch above the consensus and up 22% y/y, according to PAP calculations.
Revenues realized on the financial market in Q4 declined by 14.9% y/y to PLN 49.98 million, marginally up q/q. In FY 2012, GPW recorded a 20.6% decline in financial market revenues, the firm's statement showed.
Revenues from the commodities market gained on importance and amounted to PLN 23.9 million, rising PLN 758,000 in Q4 2011 thanks to the purchase of the TGE power exchange in February 2012.