BUCHAREST (Romania), February 18 (SeeNews) - Romanian brokerage SSIF broker on Monday reported a preliminary net profit of 36.09 million lei ($14.5 million/9.9 million euro) for 2007, almost double the 18.68 million lei it earned in the previous year.
“In the conditions of a positive trend on the stock market last year, especially in the first seven months, the earnings obtained through investments in shares listed on the [Bucharest] bourse and the derivatives market in Sibiu have contributed to the company’s total profit to a large extent,” it said in a statement to the Bucharest Stock exchange (BVB).
SSIF broker's shares, part of BVB’s blue-chip BET index, fell 1.49% to 1.99 lei on Monday. The results were announced after the end of trading hours on the BVB.
Following are figures from the company's income statement filed with the BVB (in millions of lei):
| 2007-prelim | 2006-final | |
| NET PROFIT | 36.09 | 18.68 |
| GROSS PROFIT | 45.28 | 21.79 |
| TOTAL REVENUE | 73.71 | 35.36 |
| TOTAL COSTS | 28.43 | 13.57 |
SSIF broker became the first investment intermediary to be listed on the BVB in April 2005, following an initial public offering in 2004.
(1 euro = 3.6405 Romanian lei)
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