09:28 28.07.2017

Ukrainian Exchange sees 5.1-fold rise in net loss in H1 2017

2 min read
Ukrainian Exchange sees 5.1-fold rise in net loss in H1 2017

Ukrainian Exchange (Kyiv) saw UAH 3.705 million of net loss in January-June 2017, and this was 5.1-fold more than a year ago.

According to its financial report, revenue fell by 18.1%, to UAH 2.241 million. Ukrainian Exchange also saw UAH 1.3 million of other operating revenue (54.6% down year-over-year).

Administrative expenses were more than revenue, being UAH 6.743 million (the same as last year).

Net worth of the exchange almost equals to the charter capital, reaching UAH 25.167 million. According to the law on securities and the stock market, the size of net worth of a stock exchange involved in clearing cannot be less than UAH 25 million.

Ukrainian Exchange was founded on May 15, 2008 by the leading members of the Ukrainian securities market together with Russia's RTS stock exchange.

Early February 2016 Moscow Exchange closed sale of its entire 50.02% stake in Ukraine's PFTS Stock Exchange. Moscow Exchange left Ukrainian Exchange as a shareholder. Early February Dragon Capital s.r.o. bought 4,997 shares in Ukrainian Exchange (19.988%). On March 9, 2016, Univer Capital bought the rest of 23% of shares in Ukrainian Exchange belonged to Moscow Exchange.\

Early this year Dragon Capital acquired 0.8% of shares in Ukrainian Exchange, boosting its stake to 20.788%.

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