HELEX 9M 2009 financial results - 4 Nov 2009
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Press Release
HELEX 9M 2009 financial results
€27.9m net after tax profits
This reduction is mainly due to the drop in prices in the cash market of the Athens Exchange, as the volume of transactions (number of shares traded) increased by 23% in 9M 2009 compared to the corresponding period last year. The total value of transactions in 9M 2009 amounted to €34.4bn vs. €64.7bn in 9M 2008, reduced by 47%.
In the derivatives market, in 9M 2009 the volume of transactions (number of contracts) dropped by 6% compared to 9M 2008 (40.2 thousand vs. 42.7 thousand contracts respectively).
During the second quarter of 2009, the Group also posted non-recurring revenue of €1.8m from the claim on the tax paid on the Capital Market Commission fee in fiscal year 2000.
Total operating expenses before depreciation amounted to €17.1m vs. €19.9m in the corresponding period last year, reduced by an impressive 14%.
The Group's EBIT in 9M 2009 amounted to €33.3m vs. €62.5m in the corresponding period last year, a 47% reduction.
The net profits per share in 9M 2009 amounted to €0.43 vs. €0.71 in the nine month period last year, reduced by 39%.
HELEX's financial statements are posted on the Company's website (www.helex.gr).