Press release - Financial results Q3 - November 12, 2020
BRK Financial Group - Quarterly report availability as of September 30, 2020
BRK Financial Group SA informs investors that, starting with November 13, 2020 at 18:30 (local time), the quarterly financial report will be available on September 30, 2020, both in physical format, at the registered office of BRK Financial Group SA in Cluj -Napoca, Calea Moţilor no. 119, as well as in electronic format on the official website of the company www.brk.ro, in the section “Investor Relations / Financial Results”.
Please note that the quarterly financial statements as of September 30, 2020 are not audited.
Press release - Financial results S1 - June 30, 2020 Consolidated
BRK Financial Group - Half-yearly report available as of June 30, 2020 - with consolidated financial statements
BRK Financial Group SA informs investors that, starting with November 27, 2020 at 18:30 (local time), the half-yearly financial report will be available on June 30, 2020 (including the consolidated financial statements), both in physical format, at the registered office of BRK Financial Group SA from Cluj-Napoca, Calea Moţilor no. 119, as well as in electronic format on the official website of the company www.brk.ro, in the section “Investor Relations/Financial Results”.
We note that the consolidated half-yearly financial statements as of June 30, 2020 are not audited
Press release - Financial results S1 - June 30 2020
BRK Financial Group registers a loss of RON 6.42 million influenced by the asset management result. The intermediation result had a positive dynamic.
The loss was influenced by the asset management result from which a loss of RON 4.47 million was registered, this value incorporating the result of all investments in which the capital of BRK Financial Group was involved (investments in shares, bonds, fund units , participations in closed companies, market making operations related to structured products issued, interest received and paid, dividends and coupons, interest related to product trading in margin, exchange rate differences, etc.), according to the report
On the other hand, the intermediation segment had a positive dynamic: an increase of fee and commission income up RON 3.64 million (compared to RON 1.27 million in the similar period of last year).
In this respect, BRK registered a turnover of RON 418 million during the first 6 months of 2020 (increasing by 77% compared to the first 6 months last year), the increase being felt as per market share in BVB’s main segment (3.74% in 2020 1H vs 2.22% in 2019 1H) and a one position advancement in the top of intermediaries (from 9th to 8th).
Press release - Financial results S1 - June 30, 2020
BRK Financial Group - Half-yearly report available as of June 30, 2020
BRK Financial Group SA informs investors that, starting with August 14, 2020 at 18:30 (local time), the half-yearly financial report will be available on June 30, 2020, both in physical format, at the registered office of BRK Financial Group SA in Cluj-Napoca Napoca, Calea Motilor no. 119, as well as in electronic format on the official website of the company www.brk.ro, in the section “Investor Relations / Financial Results”.
We mention that the half-yearly financial statements as of June 30, 2020 are not audited.
Press release - Financial results Q1 - March 31, 2020
BRK Financial Group - Quarterly report availability as of March 31, 2020
BRK Financial Group SA informs investors that, starting with May 15, 2020 at 18:30 (local time), the quarterly financial report will be available on March 31, 2020, both in physical format, at the registered office of BRK Financial Group SA in Cluj -Napoca, Calea Motilor no. 119, as well as in electronic format on the official website of the company www.brk.ro, in the section “Investor Relations / Financial Results”.
We mention that the quarterly financial statements as of March 31, 2020 are not audited.
Press release - Financial results Q4 - 28 February 2020
BRK Financial Group turned a profit in 2019, ending the year with a gain of RON 8.1 million
BRK Financial Group (BRK) turned a profit in 2019, ending the year with a gain of RON 8.1 million, compared to a loss of RON 2.8 million in 2018, according to preliminary data published today.
The company recorded revenues from continuing activities of RON 21.4 million, 2.7 times higher than in 2018.
BRK had revenues from commissions and related activities of RON 2.9 million, compared to RON 3.1 million, in 2018. A significant increase was in the Net financial gains other than dividends, from RON 2.1 million, in 2018, at RON 13.6 million, in 2019.
Monica Ivan, CEO of BRK, told us: "The preliminary financial results for 2019 give us confidence that we have embarked on a path of rebuilding the company and from the perspective of services we set out to act as a top broker for retail, based on information systems and simple, robust processes and to cover the full range of retail and intermediation services, portfolio management, offering margin accounts, based on standardized services and specialized staff to provide services at the highest standard for customers.
We aim that the relationship with investors will be at high standards of good practice.
On the other hand, from our perspective as an investment firm, we want the financing operations and the issuance of bonds and shares to be carried out primarily for the benefit of corporate clients, our partners in such operations.
We will actively contribute to maintaining the status of the emerging market by providing liquidity for listed issuers, acting as a market maker and we will continue on the line of innovation of stock products and services ".
The company's strategy adopted by the General Meeting of Shareholders in April 2019 stated that the main orientation is that of an investment company concerned with a high level of equity performance, in three strategic directions: investments in innovative technology and IT, issuance of structured products the capital markets in Eastern Europe, as well as its own investments on regulated markets, shows the company’s president, Nicolae Gherguș, in the preliminary annual report.
Secondarily, BRK is obliged to consolidate its position as a top intermediary in the retail segment, continuing the strategy of becoming a complete financial "hypermarket", with respect to intermediation services, portfolio management, and corporate finance and any other investment services created to meet the needs of the market, according to him.
The year 2019 brought the redefinition of the organizational structure in relation to the adopted strategy, by configuring two distinct productive departments, each with experienced management but also the benefits of young and ambitious staff, as well as by reconfiguring the company's IT strategy, oriented towards stable and reliable information systems.
Press release - Market Maker TeraPlast - February 12, 2020
* BRK commitment - displaying a volume of at least 750,000 shares for purchase and sale, in a spread of 1%
TeraPlast Group, the largest Romanian manufacturer of construction materials, will benefit, starting with February 12th 2020, from the issuer's market making services offered by SSIF BRK Financial Group SA (BRK), one of the most active brokers in the structured products segment traded on the Bucharest Stock Exchange (BVB), according to a press release. TeraPlast SA (TRP trading symbol), the largest company in the TeraPlast Group, was listed on BVB in July 2008 and is included in the BET-BK, BET-XT, BET-XT-TR and BET-Plus indices.
"The collaboration with BRK Financial Group represents a new step in line with our goal of creating value for shareholders, by improving liquidity and minimizing volatility. In our activity we rely on the implementation of the best practices at international level and we want to become a model for other companies that want to take the step towards the stock market, "said Alexandru Stanean, General Manager of TeraPlast.
"We are pleased to announce the signing of a new partnership on market making services for issuers, in which we aim to support the improvement of liquidity of TeraPlast SA shares, our commitment consisting in displaying a volume of at least 750,000 shares for purchase and sale, in a 1% spread. We congratulate TeraPlast for understanding the benefits of a partnership with a liquidity provider with proven expertise in this regard,” said Monica Ivan, General Manager of BRK Financial Group.
The Issuer's Market Maker (MME) is the participant in BVB's trading system that has assumed the role of supporting the liquidity of a financial instrument, based on a contract concluded with the issuer of the respective financial instruments, as well as with BVB.
"We want a significant increase in liquidity on the stock exchange and the framework regarding the Issuer's Market Maker shows us that the opportunities are accessed especially when the companies have the necessary environment for development at their disposal. This demonstrates that the Bucharest Stock Exchange fulfills its role of implementing the most efficient solutions for the development of liquidity, in particular, and of the market, in general,” said Adrian Tanase, CEO of the Bucharest Stock Exchange.
The specific parameters applicable to the MME activity performed by BRK Financial Group for the shares issued by TeraPlast are available here http://www.bvb.ro/info/RO_Parametrii_MM_TRP_BRK_wbo.doc.pdf
More information on the general framework applicable to the MME program can be found here:http://www.bvb.ro/info/Programul%20privind%20Market%20Maker-ul%20Emitentului.pdf
Press release - MedLife Market Maker - February 10, 2020
BRK Financial Group becomes market maker for Medlife shares
SSIF BRK Financial Group SA (BRK), one of the most active brokers in the segment of structured products traded on the Bucharest Stock Exchange (BVB), became, starting with 10.02.2020, the Market Maker of the Issuer MedLife (M), the first private health services provider listed on the Romanian stock exchange, according to a press release.
Monica Ivan, CEO of BRK Financial Group, hopes that the liquidity of MedLife shares will improve significantly. BRK is to maintain firm market maker quotations at a maximum spread of 1%, worth EUR 50,000 for the issuer MedLife SA.
Monica Ivan said: “BRK has a history of over 25 years in the capital market similar to that of the market, sometimes controversial, sometimes tumultuous but what has always defined this company is the spirit of innovation and pioneering that our company has proved: we were founding members of all capital market entities, we brought the first 11 issuers to BVB with the relaunch of the Bucharest Stock Exchange, we were the first brokers in the Romanian futures market, the first member of a foreign stock exchange - Wiener Börse, the only broker listed on BVB, the first and only domestic financial institution that issues structured products.
It could have not been otherwise than to be the first to conclude a Market Making contract with a BET issuer and we will not stop here. I am very happy that I found the same pioneering spirit in the management of MedLife, and, somehow we are similar, being the first issuer in the medical field that understood the advantages of listing on the stock exchange, the most active in the field of medical services through the acquisitions, an action that made them number one in the medical services market. We wish them to become a regional player soon. "
Mihai Marcu, President and CEO of MedLife, said: “MedLife is a company that has always focused on the performance area, regardless of the social or political context. We were the first medical company in Romania to be listed on the Stock Exchange, and in a short time we were included in the BET index, as a result of the qualitative and quantitative standards met. We still want to perform and, because liquidity is an extremely important indicator for attracting investment funds, we decided to implement this Market Making program. Beyond decreasing volatility and increasing stock performance, we believe that the introduction of this new program will help us further strengthen our current position and, implicitly, become an even more attractive issuer for investment funds. ”
Adrian Tănase, CEO of BVB, stated: “We are pleased to see that two entities active in the Romanian capital market are collaborating to support liquidity and increase the degree of representation among investors. Such partnerships are the result of some of the concrete measures we have taken at BVB level to increase market liquidity after last year’s establishment of a general framework for the Issuer's Market Making program. We would like these examples to be replicated by other issuers, who have at their disposal a framework that creates the premises for improving liquidity, "said Adrian Tănase, CEO of the Bucharest Stock Exchange.
Last year, the Bucharest Stock Exchange (BVB) established the general framework that allows the implementation of the Issuer's Market Maker (MME) concept. In essence, the MME is the participant in BVB's trading system that has assumed the role of supporting the liquidity of a financial instrument, based on a contract concluded with the issuer of those financial instruments, as well as with BVB.
Press release - Financial results Q3 2019 - November 14, 2019
BRK Financial Group reported a 686% increase in profit, to RON 11.2 million, attributed to some financial gains
Monica Ivan: Beyond the financial results that we qualify as reasonably good, more important are the future projects, in our triple quality, as an investment company, as an intermediary and of an issuer.
BRK Financial Group (BRK) reported a profit of RON 11.2 million, during the first nine months of the year, 686.26% over the same period last year, according to the financial report sent to the Bucharest Stock Exchange.
The company reported income from continuing operations of RON 18.6 million, on September 30, up by 120%.
The company registered income from commissions and related activities of RON 2.3 million, similar to those from September 30, 2018, net financial gains other than dividends of RON 12.52 million, a substantial increase, from RON 4.69 million, and net financial gains from transactions with shares and bonds of RON 7.9 million, compared to RON 4 million in the same period of the year.
Monica Ivan, CEO of the intermediary, told us: “We are nearing the end of a financial year that began with refreshing the board, a reshaping of the company's strategy and a structural reconfiguration in accordance with the requirements and the shareholders' vote. Beyond the financial results that we describe as reasonably good, more important are the future projects, in our triple quality as an investment firm, intermediary and issuer, and these (projects) are not few, and most of them have yet to reach the limit at which they can be made public. The year 2019, with the anniversary of a quarter of a century of history, will represent the foundation of a new vision of the company, in which we will try to mix intelligence and pioneering in our own investments with creating stable and attractive services for retail customers. We will try to maintain, even if we are market leaders, a very high level of innovation, both for new products and markets for our products, and from the perspective of collaborating with BVB or with issuers listed on BVB or on investments in startups. In the area of technology, we have a team with a high level of competence and experience at all corporate levels, which now has every reason to confidently perceive the future of BRK Financial Group SA. ”
Press release - Financial results H1 2019 - 13 August 2019
Availability Half-Yearly Report 30.06.2019
BRK Financial Group S.A. informs investors that starting with 14.08.2019, at 18:30 (local time), the Half-Year Report as of 30.06.2019 is available on the company's website in the Investor Relations section (https://www.brk.ro/relatii-investitori/rezultate-financiare/) and in physical format at the company's headquarters. Additional information can be obtained at the headquarters of BRK Financial Group S.A. from Cluj-Napoca, Calea Moţilor no. 119, and phone number: 0364/401709.
We mention the fact that the financial statements as of 30.06.2019 are not audited by the financial auditor of the company.