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Published: 13 October 2017
Net operating profit and commission income of investment service companies grew from April to June 2017
The net operating profit of investment service companies was EUR 41 million in the second quarter of 2017. Compared with the corresponding quarter of the previous year, EUR 14 million more net operating profit was accumulated. EUR five million more net operating profit was accumulated than in the previous quarter. These data derive from Statistics Finland’s statistics on investment service companies.
Investment firms’ net operating profit by quarter 2014-2017, EUR million
![Investment firms’ net operating profit by quarter 2014-2017, EUR million](spy_2017_02_2017-10-13_tie_001_en_001.png)
Commission income and expenses
Commission income is the most significant income item of investment service companies. Commission income amounted to EUR 113 million in the second quarter. The growth from the corresponding period of the previous year amounted to EUR 19 million, or 20.4 per cent. Compared with the previous quarter, EUR eight million more commission income was accumulated. In turn, investment service companies’ commission expenses amounted to EUR 28 million, which is EUR four million, that is, 17.7 per cent more than one year previously. Compared to the previous quarter, commission expenses went up by EUR two million.
Administrative and operating expenses
The largest expenditure item of investment service companies was administrative expenses, which in the second quarter of 2017 amounted to EUR 46 million, which is EUR 0.7 million less than in the previous year and EUR two million less than in the previous quarter. Personnel expenses amounted to EUR 26 million, or 58 per cent of total administrative expenses. Personnel expenses went down by EUR 0.5 million from the year before. Other operating expenses, in turn, amounted to EUR 19 million, which is EUR 0.1 million less than one year previously.
Balance sheets
The aggregate value of the balance sheets was EUR 358 million. The balance sheets grew by 11 per cent from EUR 323 million in the second quarter of last year. The share of own equity of the balance sheet total fell from nearly 68 per cent to around 62 per cent.
At the end of the second quarter of 2017, there were 66 investment service companies operating in Finland, of which 43 generated a positive operating result.
Source: Investment firms, Statistics Finland
Inquiries: Jarkko Kaunisto 029 551 3551, Pekka Tamminen 029 551 2460
Director in charge: Ville Vertanen
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Updated 13.10.2017
Official Statistics of Finland (OSF):
Investment service companies [e-publication].
ISSN=2342-5202. 2nd quarter 2017. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/spy/2017/02/spy_2017_02_2017-10-13_tie_001_en.html