Avanza: Interim Report, 1st January - 31st March 2006.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden Sweden, Swed. Sverige, officially Kingdom of Sweden, constitutional monarchy (2005 est. pop. 9,002,000), 173,648 sq mi (449,750 sq km), N Europe, occupying the eastern part of the Scandinavian peninsula. -- Avanza (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :AZA): --Operating income increased by 103 % (-6.7 %) to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 123.9 million (SEK 61.1 m). --The profit after tax was SEK 55.3 million (SEK 20.4 m). --Earnings per share increased to SEK 2.01 (SEK 0.75). --Net deposits totalled SEK 2,320 million (SEK 1,540 m), corresponding to 7.8 % (9.5 %) of the total value of custodian accounts custodian account An account controlled by a custodian rather than the owner of the assets. Custodian accounts are often used for minors or other individuals who are unable or unwilling to handle their own assets. at the beginning of the year. Comments from the Managing Director "We can look back now on a record quarter, both in terms of growth and of result. Net deposits totalled over SEK 2,300 million, providing important proof of the fact that more and more customers are seeing the benefits of saving with Avanza. Interest in mutual funds and pension savings was particularly pronounced, and Avanza's customers totalled 210.000 mutual fund commission notes during the quarter," says Nicklas Storakers, Managing Director of Avanza. "March saw the launch of our occupational pension, so customers can now group all of their savings - everything from active share trading to occupational pensions - under the Avanza umbrella. The common denominator common denominator n. 1. Mathematics A quantity into which all the denominators of a set of fractions may be divided without a remainder. 2. A commonly shared theme or trait. for all of our products is that we offer the market's lowest charges, and Avanza is now assuming the role of the Savers' Bank. We have every confidence that broadening the scope of our operations in this way offers us truly excellent potential for growth. "We will be introducing a number of other new products in the shares, mutual funds, and pension savings sectors during the remainder of the year, starting this spring with the launch of new pension savings solutions and our own mutual fund." This information was brought to you by Waymaker http://www.waymaker.net |
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