Broker Capital Partners sees fee income up in Q1-3, profit down

Prague, Nov 20 (CTK) - Czech broker company Capital Partners, a member of the Prague Stock Exchange (BCPP), has said it almost doubled income from fees and commissions to around Kc626.8m in the first three quarters of the year.

After-tax profit fell by around Kc1.5m year-on-year to Kc60.8m.

Among the other BCPP members, Atlantik financni trhy posted a Kc48.5m loss in January-September after a profit of more than Kc141m a year earlier.

BH Securities made a net profit worth Kc23m, a drop of more than 70 percent from Kc80.3m in the first three quarters of 2007.

In contrast, the Patria Finance group raised preliminary consolidated profit by one-fifth year-on-year to Kc245m.

Capital Partners mediated purchases of mostly foreign investment instruments worth Kc26bn and sales worth Kc25.5bn in January-September.

The third quarter made up the biggest portion of the volume of deals, as buying orders amounted to almost Kc9bn and selling orders reached almost Kc8.7bn.

Capital Partners has been operating on the Czech market since 1994. The company, whose sole owner is Vladimir Cerny, had 2,300 active clients at end-2007.

Selected results of Capital Partners in Q1-3:

Q1-3 2008Q1-3 2007 Income from fees and commissions (Kc mil.)626.768326.320 After-tax profit (Kc mil.)60.8362.285 Profit from financial and operating activities (Kc mil.)114.853100.875 Owner's equity (Kc mil.)166.755107.82 Volume of assets (Kc bn)1.1803.019

source: www.stockmarket.cz