GMO Click Releases Upbeat June 2016 Operating Revenue

Wednesday, 13/07/2016 | 11:52 GMT by Finance Magnates Staff
  • GMO’s operating revenue for June reflects the positive trading volumes recorded this month.
GMO Click Releases Upbeat June 2016 Operating Revenue
Bloomberg

GMO Click Holdings Inc, the Japanese broking giant, today released a monthly preliminary report of consolidated operating revenue for June 2016 which may be subject to change, according to the company’s statement.

The latest financial metrics follow the company’s recently reported trading volumes for June which, as reported by Finance Magnates, rebounded strongly over the month, achieving OTC FX trading figures of $1.08 trillion (¥110.2 trillion), a level that had not been seen since February 2015.

Currency trading volumes were generally higher across the board after last month’s Brexit vote and a daily OTC FX trading average of $49.2 billion (¥5.0 trillion) was recorded, reflecting a 20.1 per cent increase over May 2016.

Operating revenues also paint a brighter picture with figures of $28.8 billion (¥3.02 trillion) recorded for June 2016. This compared favourably with May 2016 figures of $22.7 billion (¥2.37 trillion) reflecting an increase of 27.3 percent month-on-month and an increase of 24.2 percent compared with June 2015’s figures of $23.2 billion (¥2.43 trillion).

Overall Q1 figures of $74.6 billion (¥7.8 trillion) were recorded for the fiscal year ending 31 March, 2017 indicating that the broker is back on track to deliver positive results for the remainder of 2016.

GMO Click Holdings Inc, the Japanese broking giant, today released a monthly preliminary report of consolidated operating revenue for June 2016 which may be subject to change, according to the company’s statement.

The latest financial metrics follow the company’s recently reported trading volumes for June which, as reported by Finance Magnates, rebounded strongly over the month, achieving OTC FX trading figures of $1.08 trillion (¥110.2 trillion), a level that had not been seen since February 2015.

Currency trading volumes were generally higher across the board after last month’s Brexit vote and a daily OTC FX trading average of $49.2 billion (¥5.0 trillion) was recorded, reflecting a 20.1 per cent increase over May 2016.

Operating revenues also paint a brighter picture with figures of $28.8 billion (¥3.02 trillion) recorded for June 2016. This compared favourably with May 2016 figures of $22.7 billion (¥2.37 trillion) reflecting an increase of 27.3 percent month-on-month and an increase of 24.2 percent compared with June 2015’s figures of $23.2 billion (¥2.43 trillion).

Overall Q1 figures of $74.6 billion (¥7.8 trillion) were recorded for the fiscal year ending 31 March, 2017 indicating that the broker is back on track to deliver positive results for the remainder of 2016.

Topics
gmo click
financial-results
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