HELEX Q1 2013 financial results - 27 May 2013

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Press Release

HELEX Q1 2013 financial results
€4.0m net after tax profits

27 May 2013The consolidated net after tax profits of HELEX in Q1 2013 amounted to €4m vs. €4.8m in Q1 2012, reduced by 16.5%. The net after tax profits per share including bond valuation differences amounted to €0.06 vs. €0.09 in the corresponding period last year.

The total operating revenue of the Group increased by 1.7% to €8.85m in Q1 2013 vs. €8.7m in Q1 2012. On the other hand, total consolidated revenue dropped by 17.3% (€8.6m vs. €10.4m). It should be noted that in Q1 2012 the company booked €2m in non-recurring revenue.

The average capitalization of the Greek capital market increased by 24% in Q1 2013 compared to Q1 2012 (€36.4bn vs. €29.4bn), while the average daily traded value was €65.3m, compared to €61.5m, a 6% increase. On the other hand, market liquidity dropped by 21.4%, with the average daily volume at 40m shares in Q1 2013 vs. 50.8m shares in Q1 2012. In the derivatives market, the average daily number of contracts decreased by 18% (62.7 thousand vs. 76.7 thousand).

The operating expenses of the Group were reduced by 13.6% in Q1 2013, amounting to €3.9m vs. €4.5m in Q1 2012, whereas total operating expenses including new activities, was reduced by 11.9% in Q1 2013, to €4.1m vs. €4.7m in the corresponding period last year.

The Group's EBT in Q1 2013 amounted to €5.3m vs. €6.7m in the corresponding period last year, reduced by 19.8%.

Based on data up to and including 24.5.2013, the average daily traded value in Q1 2013 amounted to €94.1m.

 

The HELEX financial statements are posted on the Company's website (www.helex.gr).