Central Depository's 2010 Net Profit Triples To RON6M

05.27.2011 By Andrei Cîrchelan

The Romanian Central Depository on Friday reported a net profit of some 6 million lei (EUR1.45 million) for 2010, compared to RON2.1 million in 2009, and it expects a net profit of RON1.5 million this year.

Turnover rose 59% on the year in 2010, to RON20.4 million, mainly due to fees collected for the registration of Fondul Proprietatea (FP.RO) shares' ceding, at a time when the fund was not listed yet.

Operating revenue rose 58% to RON20.4 million, while operating costs stood at RON15.6 million.

For this year, the Central Depository expects overall revenue to cumulate RON17 million, while expenditure is planned at RON15.2 million. Operating revenue should reach RON14.9 million and operating expenditure should reach RON14.7 million, according to the company's budget approved Friday by shareholders.

Holders also approved the payment of dividends worth a total RON11.8 million from last year's profit and some of the earnings made in 2007.

On a separate note, shareholder also decided to increase the depository's share capital by RON3.5 million, to RON25.3 million, by incorporating reserves built from profits of 2006, 2007 and 2010, people close to the matter told MEDIAFAX.

Thus, the depository will issue 34.9 million new shares, with a face value of RON0.1, which will be distributed freely among shareholders, in proportion with stakes owned.

At the moment, the Central Depository has a share capital of RON21.8 million, and the Bucharest bourse operator BVB (BVB.RO) holds 67% of its stock.

Keywords:
CENTRAL DEPOSITORY
, RESULTS
, SHARE CAPITAL

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