Cumulated profits generated by the biggest companies listed on RASDAQ market, which have reported H1 results so far climbed by 38% in euros in the first six months of this year against the corresponding period of 2006.
At the same time, the total turnovers and revenues of the same companies in the above-mentioned period rose by 13.8%. The analysis included 52 of the most important companies listed on RASDAQ, whose cumulated market value accounts for around two thirds of the market's overall capitalisation.
A similar analysis found the cumulated profits of companies listed on the Bucharest Stock Exchange (BSE) in the first half of the current year dropped by 6.1% compared with the first six months of the previous year, particularly amid the decline witnessed by Petrom.
Not including Petrom and BRD, the biggest companies listed on the BSE, the cumulated profits of the companies traded on the main market soared by 28.8% in H1, with no significant changes being registered at the level of turnover.
Total turnovers and revenues generated by the firms and financial companies listed on the BSE advanced by 11.5% in the same period, similar with the level registered by companies listed on RASDAQ.
The faster profitability growth pace registered by companies listed on the over-the-counter market can be accounted for by the fact that investors primarily focused on companies boasting a very good financial results dynamics, whose market value climbed significantly as the value of their shares advanced. A high number of the companies with solid results entered the ranking of the companies with the highest capitalisation on RASDAQ as late as the end of last year, when they started being appealing for investors.
An example is Prospectiuni Bucuresti (PRSN) company, currently the biggest company on RASDAQ, with a capitalisation of around 400m euro
