Dukascopy Bank Releases Record H1 2016 Financial Results

Dukascopy Bank, one of the biggest Swiss brokerages catering to foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFDs traders, today released a statement confirming that it has reached new record figures of CHF 17.2 million ($17.5 million), in total income, an increase of 1.6 percent compared with H1 2015 which was already a record semester for the firm.

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

The brokerage also reported that due to an increase in operating expenses of 15.2 percent, reflecting IT developments and new marketing initiatives, the half year net profit is 25.8 percent below the same period 2015 but is still considered very satisfactory at CHF 2.5 million ($2.55 million).

Japan Weighs

At group level, the consolidated total income is 2.4 percent above H1 2015 at CHF 18.1 million ($18.5 million). However, the initial losses of Dukaskopy’s new subsidiary, Dukascopy Japan, which is still at its launching phase, negatively affected the half-year consolidated net profit which amounts to CHF 1.9 million ($1.94 million).

Despite this, Dukascopy Japan is showing promising growth and is expected to break even in 2017.

The figures released today reflect a solid performance and continued stability in Dukascopy Bank and Dukascopy Group's financial situation after announcing a year of record profits last year, as revealed by Finance Magnates in February.

At the time, the CFO of Dukascopy Bank Laurent Bellieres said: “Last year has been the best year ever in Dukascopy Bank’s history. It has also been exceptional because of the setting up of Dukascopy Japan in Tokyo after the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Alpari Japan.”