Interim report
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הבורסה TEL AVIV לניירות ערך STOCK תלאביב EXCHANGE THE TEL - AVIV STOCK EXCHANGE LTD . REPORTED SECOND QUARTER 2021 RESULTS August 11 , 2021 ( Tel Aviv ) -Tel Aviv Stock Exchange Ltd ( TASE : TASE ) today announced its financial results for the second quarter ended June 30 , 2021.1 General August 11 , 2021 395760.docx The first half of 2021 was characterized by the gradual lifting of all of the restrictions that were imposed on the business sector following the coronavirus outbreak , this in light of the expansion of the vaccination campaign and the resulting reduction in the number of cases in Israel , which in turn contributed to the economy resuming activity and to a reduction in the unemployment rate . In the Israeli capital market , the number of companies carrying out an IPO on TASE continued to rise in the first half of 2021 ( 63 companies ) of all sectors that are traded on TASE . Since the beginning of the year , the value of the assets traded on TASE has risen and the average trading volume in the first half of 2021 remained similar to the average trading volumes in all year of 2020 , as opposed to the high trading volumes and the strong fluctuations in the value of the assets in the first half of 2020 , on the backdrop of the uncertainty that prevailed in the market at the time following the coronavirus outbreak in Israel . The increase in morbidity rates that started at the end of the second quarter of 2021 did not materially affect the aforementioned trends concerning the value of the assets traded on TASE and the trading volumes . Additionally , to the date of publishing of the financial statements , in view of the continued rise in morbidity rates in August , the Government approved the return of some of the restrictions that were lifted during the second quarter of 2021 . Nevertheless , based on the nature of trading in the first half of 2021 , the Company believes that , to the extent that the rise in morbidity is short in term and will not entail the imposition of additional restrictions on the economy , no material adverse effect on the activity of the Company is expected . 1.1 Highlights of TASE's Results for the second quarter of 2021 TASE revenues amounted to NIS 84.6 million in the second quarter of 2021 , an increase of 15 % compared to the corresponding quarter last year , due mainly to an increase in revenue other than from trading and clearing and a non - recurring income from the Ministry of Finance in respect of the listing fee , until December 31 , 2020 , of Governmental bonds in an amount of NIS 3.8 million . ■ ■ Adjusted EBITDA increased in the second quarter of 2021 to NIS 26.2 million , compared to NIS 21.0 million in the corresponding quarter last year , an increase of 25 % . Financing income decreased in the second quarter of 2021 to NIS 1.3 million , compared to financing income of NIS 3.5 million in the corresponding quarter last year , a decrease of 62 % . Adjusted net profit amounted to NIS 12.3 million in the second quarter of 2021 , compared to NIS 10.4 million adjusted net profit in the corresponding quarter last year , an increase of 18 % . 1.2 Business and Corporate Highlights for the second quarter and the first half of 2021 BUSINESS HIGHLIGHTS In the second quarter of 2021 , a total of NIS 8 billion was raised on TASE in shares , an increase of 368 % over the corresponding quarter in the previous year , of which a total of NIS 4.7 billion was 1 The Board of Directors of TASE today approved the Consolidated Financial Statement as of June 30 , 2021. The consolidated financial statements of the Company were prepared in accordance with IFRS . This is an English translation of parts of the information included in the approved financial statements . In the event of any discrepancy between the original Hebrew and the translation to English , the Hebrew version alone will prevail . The consolidated financial statements in the English Version will be published on the website by the end of September 2021 . 1