Home > Statistics > Investment service companies > 2017 > 2nd quarter > Net operating profit and commission income of investment service companies grew from April to June 2017

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

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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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.6.2017, EUR thousands (13.10.2017)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.6.2017, EUR thousands (13.10.2017)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2017, EUR million (13.10.2017)
• Appendix figure 2. Investment firms commission income by quarter, 2nd quarter 2014-2017, EUR million (13.10.2017)

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Updated 13.10.2017