Bourse's CSD Lifts H1 Earnings
Image courtesy of Budapest Stock Exchange (BÉT)
First-half after-tax profit of the Budapest Stock Exchange (BSE) climbed 50% year-on-year to HUF 2.6 billion, lifted by earnings of its central securities depository Keler, state news wire MTI writes, citing an earnings report.
Revenue edged up 4% to HUF 2.4 bln. Operating costs jumped 47% to HUF 1.8 bln, boosted by inflation and one-offs such as those related to the bourse's own listing. EBITDA dropped 46% to HUF 0.6 bln.
The BSE booked HUF 2.3 bln in earnings from Keler for the period.
The BSE is owned by the National Bank of Hungary (MNB).
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