Open Finance with PLN 18.17 mln 2017 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 18.17 million net loss in 2017, compared to a PLN 19.18 million loss the year before. Operating loss amounted to PLN 28.33 million vs. PLN 153.06 million loss in 2016. Consolidated sales revenues amounted to PLN 351.66 million in 2017 compared to PLN 317.83 million a year earlier. “Last year was a period of further transformation of the Open Finance Group. One of the most important events was the merger of Noble Funds TFI with Open Finance TFI, resulting in the emergence of one of the market leaders in this industry with a more diversified product and distribution range. The company is ready for market and business challenges related to, for example, changes resulting from the MiFID II regulation,” Open Finance CEO Przemysław Guberow said.