Securities services earnings rise at SIX

SIX Securities Services’ operating income rose 10.7% in the first half of the year to CHF 177.6 million. EBIT rose 4.5% higher year-on-year, at CHF 30.9 million.

By None

SIX Securities Services’ operating income rose 10.7% in the first half of the year to CHF 177.6 million. EBIT rose 4.5% higher year-on-year, at CHF 30.9 million.

The securities services business of the SIX exchange group achieved the strongest growth of all of business areas. Following the discontinuation of the exchange rate floor, settlement transactions grew sharply (+18.4%) and the volume of securities under custody rose by 9.2%.

SIX performed well in the first half of 2015. Results improved slightly compared with the previous year. EBIT rose by 4.4% to CHF 157.7 million, despite the difficult environment caused by the strong Swiss franc. The tougher environment was reflected in the net financial result, which declined by CHF 14.4 million compared with the previous year. Due to lower net interest income and higher taxes, Group net profit decreased by 2.4% to CHF 127.5 million.

«