Leading online multi-asset brokerage firm CMC Markets Plc, today reported its final results for its year that ended March 31st 2016, with all top-line numbers reporting higher including net operating income which was up 18% to £169.4 million from £143.6 million reported in 2015, according to filings made with the London Stock Exchange (LSE).
CMC noted that its underlying profit before tax reached £62.4 million and was higher by 20% compared to £51.9 million in the prior year. The number of active clients rose by 14% during the same period and reached 57,329, while the amount of revenue per active client also grew by 4% to £2,828.
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Despite a recent easing of trading activity, with these developments and our excellent team, I am confident that CMC will continue to deliver further strong growth.
Trades doubled as values up 27%
CMC Markets noted that the number of trades increased by 50% to 66.8 million, as reported in its results for the year ending March 31st 2016, while the value of overall trades reached a combined £2.071 trillion, up from £1.626 trillion in its prior year, an increase of 27% or £445 billion in trading volume year-over-year.
The company proposed a final dividend of 5.36 pence per share. Shares of the company listed on the LSE under ticker CMCX have been on a steady rise and breaking new highs in recent days. The news follows Finance Magnates' exclusive coverage last month that CMC Markets had launched its institutional business.
Commenting in on the results, Peter Cruddas, Chief Executive Officer of CMC Markets, said in a statement that accompanied the filings: "I am very pleased to report a strong first set of results since we successfully listed on the London Stock Exchange in February 2016. Our clear strategy to provide our clients with the best Trading Platform , superior service and competitive pricing, with a strong focus on innovation, has delivered another strong performance, with profit before tax up by over 20%. But we're not standing still.”
“We continue to add new products, open new offices and offer new features and tools through our award-winning Next Generation trading platform. Despite a recent easing of trading activity, with these developments and our excellent team, I am confident that CMC will continue to deliver further strong growth."
Source: CMC Markets
