KNF: brokerages' net profit up by 12.2% in 2017

Polish Financial Supervision Authority (KNF) reported that net profits of brokerage houses amounted to PLN 222.09 million in 2017, whereas it stood at PLN 197.88 million in the corresponding period last year. The gross profit of brokerages totaled PLN 271.33, up from PLN 249.29 million in 2016. Operational revenue stood at PLN 729.18 million, as opposed to PLN 888.1 million in 2016 The operational costs recorded by the brokerages reached PLN 895.49 million, up from PLN 88.1 million in 2016. The net value of assets on the brokerage houses accounts grew to PLN 91.92 billion, compared with PLN 88.26 billion the year before, net assets under management grew to PLN 82.88 billion from PLN 79.55 billion.