Home > Statistics > Investment service companies > 2015 > 2nd quarter > Net operating profit of investment service companies grew in April to June from the year before

Published: 29 September 2015

Net operating profit of investment service companies grew in April to June from the year before

The net operating profit of investment service companies amounted to EUR 40 million in the second quarter of 2015, which is EUR 10 million more than in the respective period of the previous year. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms' net operating profit by quarter 2009–2015, EUR million

Commission income and expenses

Investment service companies accrued a total of EUR 109 million in commission income, which is EUR 25 million more than in the corresponding period in 2014. Commission expenses amounted to EUR 26 million, which is EUR five million more than one year previously.

Interest income and expenses

Interest income amounted to EUR 0.3 million, which is 11 per cent less than one year earlier and 44 per cent less than in the previous quarter. Interest expenses were EUR 0.2 million in the second quarter and they grew by 31 per cent from the previous year's April to June.

Administrative and operating expenses

The largest expenditure item of investment firms was administrative expenses, which in the second quarter of 2015 amounted to EUR 43 million, which is 18 per cent more than in the previous year. Of the administrative expenses, personnel expenses amounted to EUR 26 million, or 46 per cent of total administrative expenses. Other operating expenses amounted to EUR seven million, which is EUR three million more than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 279 million. The balance sheets grew by 16 per cent year-on-year. The share of own equity in the total of the balance sheets was 68 per cent.

At the end of the second quarter of 2015, there were 56 investment service companies operating in Finland, of which 49 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Jan Klavus 029 551 3391, Tarja Husso 029 551 3534

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.6.2015, EUR thousands (29.9.2015)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.6.2015, EUR thousands (29.9.2015)
• Appendix table 3. Itemisation of investment firms administrative expenses 1.1.- 30.6.2015, EUR thousands (29.9.2015)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009 - 2015, EUR million (29.9.2015)
• Appendix figure 2. Investment firms commission income by quarter, 2nd quarter 2005 - 2015, EUR million (29.9.2015)

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Updated 29.9.2015