Investment firms achieve a profit of 51.8 million euros until April

by time news

2023-07-04 17:37:49

Investment service firms (securities companies and agencies) achieved a net profit of 51.8 million euros between January and April of this year, which represents an advance of almost 95% compared to the data for the same period in 2022. , according to figures from the National Securities Market Commission (CNMV).

The gross margin of the investment services companies was 175.7 million euros, 24.7% more, with an increase of 15.4% in net commissions, which stood at 124.3 million euros.

The interest margin doubled, up to 32.2 million euros, and the operating result also doubled, reaching almost 53 million euros.

Most of the profit, 51.8 million euros, corresponded to securities companies with 45.6 million and an increase of 78% compared to the same period last year; while stock agencies earned 6.1 million euros, five times more.

Securities companies increased their interest margin a little more than double, up to 32 million euros, while the gross margin increased by 29.7%, up to 120.6 million, with growth of 15% in net commissions, up to 69.6 million.

Securities agencies cut their interest margin by 88%, to 97,000 euros, while they increased their gross margin by 15%, to 55 million euros. Net commissions grew by almost 16%, to 54.7 million euros.

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