The Warsaw Stock Exchange made a net profit of zl.60.2 million in the first half of 2012, down by 15.7 percent year-on-year.

“The decrease of the profit was mainly caused by the global trend of subdued investor activity marked by a decrease of the value of trading on all stock exchanges in well-developed countries and on most emerging markets,” the WSE wrote in a statement.

Revenues from the financial market were at zł.108.3 million, down 19.4 percent y/y, while total sales revenue stood at zł.134 million, down 2.5 percent.

WSE CEO Ludwik Sobolewski said, “We are not overly concerned with the lower turnover on the equity market. We are part of the global financial system and follow the global trends. What is key is that ... we are less affected that the other [European] markets this year.”

Poland A.M.