Ver Angola


BODIVA's profits fall 3.25 percent in the first half to 72 million kwanzas

The Angolan Debt and Securities Exchange (BODIVA) had profits of 72 million kwanzas in the first half, down 3.25 percent from the same period last year, explained by the 17.9 percent drop in turnover.


"From the financial statements presented, we can see that BODIVA closed the first half of the year with a net result of around 72 million kwanzas, a reduction of 3.25 percent compared to its homologous period", reads the statement, which adds that "this reduction is essentially explained by the decrease in business volume of 17.90 percent, compared to the same period that reached the figure of 1202 million kwanzas due to exogenous events".

In the statement, the Angolan stock exchange manager also argues that there was an "increase in personnel costs, with new hires in the order of 17.80 percent and, therefore, an increase in operating costs in the order of 49.71 percent, compared to the period counterpart".

With regard to securities under negotiation, the turnover carried out by the 23 members was just over 490 billion kwanzas, around 1.1 billion euros, but almost two thirds (63.46 percent) were made by BFA (29.46 percent), BAI (23.10 percent) and BMA (10.90 percent).

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