Cloudy November for Broker''s profit

The broker SSIF, the first financial service company listed on the Bucharest Stock Exchange, made gross profit worth 1.06 million RON (300,000 euros) in November, approximately 33% lower than the month before. The eleven-month gross profit of Broker stands at 14.36 million RON (4 million euros). The decline of the monthly profit is mainly due to the postponement of the closing of some positions, which have important growth potential. “We did not sell several very good positions and have a potential profit of over 2 million RON. Furthermore, we will be closing some positions on the derivative financial instruments market in December that will generate a quarterly yield of between 12%-14%,” said Petru Prunea, the chairman of the company”s Board of Directors and its general manager. ZF