AT Global Markets UK Limited recently reported its financial results for the year ended 31 October 2021. The company witnessed a gross profit of £2,448,777 in the reported period, compared to £2,421,460 in 2020.
The company’s turnover for the year ended 31 October 2021 came in at £2,936,482, which is down by almost 3% compared to £3,021,618 in the previous year. Compared to 2020, the total administrative expenses decreased sharply in 2021. As a result, profit for the reported financial year came in at £224,558, compared to a loss of £766,416 in 2020.
The cost of sales in the latest financial year reached £487,705, compared to £600,158 in the previous year. AT Global Markets UK witnessed a substantial drop in administrative expenses as the figure touched £2,231,214 compared to £3,187,876 in 2020.
AT Global Markets UK, also known as ATFX UK, recently announced the expansion of its team to grow its presence in the region. Earlier this month, the company announced the appointment of Telmo Simoes, the former Director of Institutional Sales e-FX at Edgewater Markets, as the company’s new Managing Director of Institutional Sales (LATAM).
In terms of financial performance, ATFX UK has witnessed consistent growth across key business segments over the last few years. In FY20, the company posted strong revenues. Since the start of 2020, the company has expanded its services to take advantage of the growing interest in innovative financial services.
In 2021, ATFX Connect saw strong volume growth.
