Turkey’s Borsa Istanbul posts TRY23.9mn net profit

Thursday, 13 March 2014

Borsa Istanbul, Turkey`s main stock exchange, has announced a 23.9 million lira net profit (US$10.8 million) in its first year.
According to its last operating report, net sales were 188.8 million Turkish lira (US$85.4 million) in 2013.
The figures come ahead of Borsa Istanbul’s ordinary general meeting scheduled for 31 March.
Borsa Istanbul was recently created from the merger of the Istanbul Stock Exchange, Gold Exchange and Derivatives Exchange.
Through its subsidiaries (Takasbank and MKK – the Central Securities Depository Agency), Borsa Istanbul is the sole provider in Turkey of trading, settlement, custody and registry services for a wide range of products such as equities, debt securities, repo, warrants, options, futures, certificates and exchange-traded funds.