SSIF Broker profits equal revenues

The securities firm SSIF Broker, which was due to begin an IPO yesterday with a view to a listing on the stock exchange, made 23bn ROL (0.55 million euros) in net profits in the first half of the year. Turnover for the same period was also 23bn ROL. The turnover mainly comes from brokerage fees collected from clients, while the company successfully covered its expenses with revenues from its investments, which amounted to 27.1bn ROL. The IPO consists of 2 million euros in new shares at 15,500 ROL/each. The par value per share is 10,000 ROL, with the shares set for listing on the BSE under the BRK logo. These shares can be subscribed through any brokerage until November 19. ZF