Japanese broking giant GMO Click Holdings has reported its preliminary operating revenues for December 2016, revealing a weaker performance compared with last month’s robust figures. November had provided some respite from some of the lackluster numbers in recent months but the brokerage was unable to end the year on a high.
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Financial Metrics
As per GMO Click’s statement, December operating revenues declined to $17.7 million (¥1.96 billion) compared with last month’s $24.71 million (¥2.85 billion), representing a decrease of -31.2 percent MoM.
When compared with the same period last year in which the operating revenue recorded was $21.9 million (¥2.5 billion), a decline was also evident, reflecting a fall of -22.3 percent.
The last few months of the 2016 calendar year generally saw dwindling trading volumes, and although GMO Click’s November trading volumes experienced a healthy uptick, the latest figures have revealed a downward turn amid a turbulent year across the globe economically and politically, which has impacted on the markets.
Trading Volumes
Earlier this month, GMO Click released its overall December 2016 trading volumes, which came in at ¥109.8 trillion, down -17.2 percent from ¥132.6 trillion in November 2016 which are reflected in today’s lower operating revenues.
