Brokerage firms’ profit doubles in Q1 2018 – KNF

Brokerage firms recorded net profit of PLN 102.16 million in Q1 2018, up from PLN 54.02 million in the first quarter of the previous year, the Financial Supervision Authority (KNF) stated. Operational profit stood at PLN 115.68, compared to PLN 75.1 million a year earlier. Revenue from brokerage decreased to PLN 188.85 million from PLN 212.98 million in Q1 2017. Client assets came in at PLN 89.91 billion, while client assets under management amounted to PLN 7 billion. In Q1 2017, the figures were PLN 88.34 billion and PLN 1.48 billion respectively.