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WSE-operator GPW posts PLN 28.6 mln. net profit in Q4 vs PLN 24.1 mln expected

TAG'S: GPW, Finance (other)

The Warsaw Stock Exchange operator GPW posted a net profit of PLN 28.6 mln in Q4 2013, slightly above expectations for PLN 24.1 mln gain and up by 35% year on year, PAP calculations against the group annual report and 9M figures showed.

The Q4 net profit was boosted by the settlement of a technological tax break related to the UTP platform license, GPW said in comments to results.


Total revenues met the consensus at PLN 70.8 mln in Q4, with PLN 51.5 mln generated on the financial market and PLN 18.8 mln on the commodity market, PAP calculations showed.


The operating profit measured PLN 26.4 mln, 7.4% above expectations and down 1.8% y/y. WSE alone recorded PLN 16.7 mln EBIT, commodity market TGE posted PLN 10.6 mln, while BondSpot - an unimpressive PLN 0.3 mln.


Operating costs edged up by 13.6% y/y to PLN 45.1 mln, GPW said.


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