Hellenic Exchanges 2016 net profits fall 84 pct on adverse market conditions

EconomyCorporates Tags: Corporates, Results
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The 2016 financial results of Hellenic Exchange, the company that manages the Athens Stock Exchange (ATHEX), show 1.4 million euros post-tax profit, significantly lower than the 9 million euros profits recorded in 2015 and representing a drop of 84 percent.

The turnover of the group amounted to 27 million euros in 2016 versus 35 million euros in 2015, reduced by 23 percent. After subtracting the Hellenic Capital Market Commission fee, total consolidated revenue came to 25.9 million euros for the year, comp...

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