H1 2004 Financial Results Of HEX Tallinn

The total turnover of HEX Tallinn, the group uniting Tallinn Stock Exchange and Estonian CSD, was EUR 1.3 million in H1 2004, up 9 pct from the same period previous year. The shareholders' equity stood at EUR 2.4 million at the end of the period. The net profit for six months 2004 totalled EUR 0.3 million. The results are consolidated, but unaudited.

Increased trading activity on the Tallinn Stock Exchange had a positive impact on the financial results of the HEX Tallinn group. The total trading turnover on the bourse was EUR 368 million, a 51 pct increase from the 6-month result in 2003.

“The stock exchange's biggest project this year, the launch of the joint Baltic market and adoption of new trading platform in September, will provide investors easier access to the Estonian, Latvian and Lithuanian securities markets,” Jaanus Erlemann, managing director of HEX Tallinn. The new Baltic-Nordic trading platform will be adopted in Estonia, Latvia and Finland at the end of September, and in Vilnius in 2005.

Estonian CSD focused on simplifying the life of registered companies. “Joint stock and private limited companies have now less red tape to go through since their registry data can be accessed directly by notaries as well as by the Business Register. Also several new services have been made available in the registy's Internet-based services environment e-Register,” Erlemann said.

H1 2004 financial results of HEX Tallinn's parent company OMHEX are available at www.omhex.com