Nordic Business Report-April 19, 2006-Hagstromer & Qviberg AB posts Q1 operating result of SEK82m
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The Swedish investment bank Hagstromer & Qviberg issued its first quarter report on Wednesday (19 April), posting an operating result of SEK82m, as compared to SEK18m in the first quarter of 2005.
The result was better than expected.
Revenues amounted to SEK219m, up from SEK95m in the first quarter last year. The improvement reflects a strong increase in commission revenues.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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