HELSINKI: The net operating profit of investment service companies amounted to EUR 28 million in the fourth quarter of 2015, which was 47 per cent less than in the respective period of the year before, according to Statistics Finland. Compared with the previous quarter, the net operating profit went down by EUR three million. In the fourth quarter, investment service companies accrued a total of EUR 110 million in commission income, which was EUR 18 million less than in the corresponding period in 2014, the data show.
Compared to the previous quarter, commission income went up by EUR three million. Commission expenses amounted to EUR 27 million, which was EUR one million more than one year previously. Compared to the previous quarter, commission expenses went up by EUR three million.
Interest income amounted to EUR 0.4 million, which was two per cent less than one year earlier and 18 per cent less than in the previous quarter. Interest expenses were EUR 0.1 million in the fourth quarter and they fell by 15 per cent from the previous year’s quarter. Compared with the previous quarter, the interest expenses went down by 44 per cent as per the statistics on investment service companies.
The largest expenditure item of investment firms was administrative expenses, which in the fourth quarter of 2015 amounted to EUR 53 million—EUR four million less than in the previous year and EUR eight million less than in the previous quarter.
The aggregate value of the balance sheets was EUR 390 million. The balance sheets grew by 25 per cent year-on-year. The share of own equity in the total of the balance sheets was 65 per cent as per the data. At the end of the fourth quarter of 2015, there were 57 investment service companies operating in Finland, of which 44 generated a positive operating result.
