WSE operator’s Q3 profits above forecast
October 31, 2013
The Warsaw Stock Exchange operator GPW posted an attributable net profit of PLN 25.9 million in Q3 2013, above expectations for PLN 20.6 million gain and up by 1.2% year on year, the company's Q2 report showed.
Group revenues measured PLN 69 million in the period, up by 5% y/y and a notch above expectations. That sum consisted of PLN 49.5 million revenues generated on the financial market, down 0.7% y/y, and PLN 18.7 million from the commodity market, up by 26.5% y/y, generated mainly by the PolPX Group.
The operating profit beat the consensus by a wider, 13.5% margin, although the result was down 9% y/y to PLN 28.5 millio