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Fri, 08 Jul, 2016 12:04:30 AM FTimes Report, Jul 8  Investment firms' net operating profit by quarter 2009-2016, EUR million. Source: Investment firms, Statistics Finland. The net operating profit of investment service companies continued to fall as it was EUR 20 million in the first quarter of 2016, according to Statistics Finland’s data.
The net operating profit decreased by EUR 25 million compared to the corresponding quarter last year.
Good EUR eight million less net operating profit was accumulated than in the previous quarter as shown in the statistics on investment service companies.
In the first quarter, investment service companies accrued a total of EUR 90 million in commission income, which is EUR 13 million less than in the corresponding period of 2015.
Compared to the previous quarter, the commission income went down by EUR 20 million. The commission expenses amounted to EUR 24 million, which is EUR one million less than one year previously.
Compared to the previous quarter, the commission expenses went down by EUR three million.
The interest income amounted to EUR 0.2 million, which is 43 per cent less than one year earlier and 44 per cent less than in the previous quarter.
The interest expenses were EUR 0.1 million in the first quarter and they fell by 36 per cent from the previous year's quarter. Compared with the previous quarter, the interest expenses went down by 15 per cent, the data show.
The largest expenditure item of investment service companies was administrative expenses, which in the first quarter of 2016 amounted to EUR 47 million that is EUR six million more than in the previous year and EUR five million less than in the previous quarter.
Of the administrative expenses, personnel expenses amounted to EUR 28 million, or 59 per cent of total administrative expenses.
Other operating expenses amounted to EUR seven million, which is EUR three million more than one year previously.
The aggregate value of the balance sheets was EUR 335 million. The balance sheets grew by 19 per cent year-on-year.
The share of own equity in the total of the balance sheets was 61 per cent.
At the end of the first quarter, there were 63 investment service companies operating in Finland, of which 34 generated a positive operating result.
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| Friday, 10 May, 2024 |
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