The consolidated net after tax profits of HELEX for the nine month 2010 period amounted to EUR 14.2m vs. EUR 27.9m in 9M 2009, reduced by 49%. It should be noted that this year?s results include EUR 7.9m 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 dropped by 12%, to EUR 46.6m vs. EUR 53.1m in 9M 2009.
The operating expenses of the Group were reduced by 4% and amounted to EUR 16.4m in 9M 2010 vs. EUR 17.1m in the corresponding period last year.
Thus, the net profits per share in 9M 2010, including the extraordinary tax, amounted to EUR 0.21 vs. EUR 0.43 in the nine month 2009 period.
In particular, the turnover in the third quarter amounted to EUR 11m, reduced by 48% compared to the third quarter of 2009 (EUR 21m). Revenue from clearing in the cash market in Q3 was EUR 3m, a 52% reduction compared to Q3 2009 (EUR 6.3m). Revenue from trading in the cash market was reduced by 58% in Q3, and amounted to EUR 1.7m vs. EUR 4m in the corresponding period last year. Revenue from listed companies in Q3 amounted to EUR 1.2m, reduced by 76% compared to Q3 2009 (EUR 5m). On the contrary, revenue from the derivatives market (trading and clearing) amounted to EUR 2m in Q3, compared to EUR 1.9m in the corresponding quarter last year, a 5% increase.
The operating expenses of the Group in Q3 2010 amounted to EUR 5.5m, reduced by 1% compared to Q3 last year.
In total, in the third quarter 2010, the net profitability of the Group, including the extraordinary tax, amounted to EUR 4.2m vs. EUR 11m in Q3 2009, a 62% reduction.
HELEX's financial statements are posted on the Company's website (www.helex.gr).