Edition:
United Kingdom

Avanza Bank Q1 Operating Profit Falls To SEK 100 Mln


Tuesday, 16 Apr 2019 

April 16 (Reuters) - Avanza Bank Holding AB ::Q1 OPERATING INCOME SEK 268 MILLION VERSUS SEK 271 MILLION YEAR AGO.Q1 OPERATING PROFIT SEK 100 MILLION VERSUS SEK 120 MILLION YEAR AGO.TRADING ACTIVITY INCREASED DURING Q1, INCOME WAS AFFECTED BY CUSTOMERS' TRADING PATTERNS AND LOWER AVERAGE FUND CAPITAL.SAYS OPERATING INCOME DECREASED BY 1 PER CENT DUE TO LOWER BROKERAGE INCOME AND OTHER INCOME.SAYS OPERATING EXPENSES INCREASED BY 8 PER CENT, MAINLY DUE TO HIGHER PERSONNEL COST.Q1 2019 COMPARED TO Q1 2018 CUSTOMER GROWTH WAS GOOD AND 33,600 (42,400) NEW CUSTOMERS WERE ADDED. 

Company Quote

83.5
-0.4 -0.48%
5:00pm BST