Invast Securities Reports Year-End Financial Metrics, OTC Volumes Weigh

Friday, 08/05/2015 | 10:35 GMT by Jeff Patterson
  • Invast Securities has released its financial results for the year ending March 31, 2015, which showed lagging OTC FX volumes.
Invast Securities Reports Year-End Financial Metrics, OTC Volumes Weigh

Invast Securities Co., Ltd has reported its yearly fiscal results ending March 2015, which underscored a consolidated ordinary loss of $616,486 (¥74 million), according to an Invast statement.

Last month, Invast Securities released its revenues and margin volumes for the month ending March 2015. The company reported operating revenues of $3.38 million (¥407 million), which represented a jump of 5.2% MoM from $3.21 million (¥387 million) February 2015. Across a yearly timeframe, Invast’s March revenue also soared 19.4% YoY from $2.83 million (¥341 million) in March 2014.

Overall, the company managed to settle after a tumultuous start – indeed H1 of the fiscal year ending March 31, 2015 recorded a consolidated operating loss of $4.6 million (¥552 million), which was attributed in large part to lackluster foreign market (FX) trading conditions. Indeed, the industry suffered in the midst of an unusually tranquil summer, with was due to low Volatility persisting from February to late August 2014.

However, during H2 of the fiscal year, operating revenues rose en route to a record of $4.0 million (¥478 million) in consolidated operating income, which helped buoy the company to profitability. These gains were pared by an outstanding balance of customer deposit assets at IFS (Invast’s Australian subsidiary). As a result, this contributed to an operating loss of $2.0 million (¥242 million) for the fiscal year ending March 31, 2015.

Financial Highlights Rundown

During the fiscal year ending March 31, 2015, Invast reported operating revenues of $26.45 million (¥3,174 million) on a non-consolidated basis and $28.96 million (¥3,474 million) on a consolidated basis.

In addition, commissions earned (Exchange FX, etc.) at Invast for the fiscal year ending March 31, 2015 came in at $7.2 million (¥864 million) on a non-consolidated basis and $7.19 million (¥863 million) on a consolidated basis.

Trading profit and loss (over-the-counter FX) yielded $15.52 million (¥1,862 million) on a non-consolidated basis and $17.84 million (¥2,140 million) on a consolidated basis for the year ending March 31, 2015.

Exchange FX trading at Invast came in at just $9.8 million (¥1,177 million) during the year ending March 31, 2015, falling -15.4% YoY from $11.58 million (¥1,390 million) in the year ending March 31, 2014.

Lastly, over-the-counter (OTC) FX trading at Invast notched only $16.25 million (¥1,950 million) in the year ending March 31, 2015, declining by a rate of -27.8% YoY from $22.52 million (¥2,703 million).

Invast Securities Co., Ltd has reported its yearly fiscal results ending March 2015, which underscored a consolidated ordinary loss of $616,486 (¥74 million), according to an Invast statement.

Last month, Invast Securities released its revenues and margin volumes for the month ending March 2015. The company reported operating revenues of $3.38 million (¥407 million), which represented a jump of 5.2% MoM from $3.21 million (¥387 million) February 2015. Across a yearly timeframe, Invast’s March revenue also soared 19.4% YoY from $2.83 million (¥341 million) in March 2014.

Overall, the company managed to settle after a tumultuous start – indeed H1 of the fiscal year ending March 31, 2015 recorded a consolidated operating loss of $4.6 million (¥552 million), which was attributed in large part to lackluster foreign market (FX) trading conditions. Indeed, the industry suffered in the midst of an unusually tranquil summer, with was due to low Volatility persisting from February to late August 2014.

However, during H2 of the fiscal year, operating revenues rose en route to a record of $4.0 million (¥478 million) in consolidated operating income, which helped buoy the company to profitability. These gains were pared by an outstanding balance of customer deposit assets at IFS (Invast’s Australian subsidiary). As a result, this contributed to an operating loss of $2.0 million (¥242 million) for the fiscal year ending March 31, 2015.

Financial Highlights Rundown

During the fiscal year ending March 31, 2015, Invast reported operating revenues of $26.45 million (¥3,174 million) on a non-consolidated basis and $28.96 million (¥3,474 million) on a consolidated basis.

In addition, commissions earned (Exchange FX, etc.) at Invast for the fiscal year ending March 31, 2015 came in at $7.2 million (¥864 million) on a non-consolidated basis and $7.19 million (¥863 million) on a consolidated basis.

Trading profit and loss (over-the-counter FX) yielded $15.52 million (¥1,862 million) on a non-consolidated basis and $17.84 million (¥2,140 million) on a consolidated basis for the year ending March 31, 2015.

Exchange FX trading at Invast came in at just $9.8 million (¥1,177 million) during the year ending March 31, 2015, falling -15.4% YoY from $11.58 million (¥1,390 million) in the year ending March 31, 2014.

Lastly, over-the-counter (OTC) FX trading at Invast notched only $16.25 million (¥1,950 million) in the year ending March 31, 2015, declining by a rate of -27.8% YoY from $22.52 million (¥2,703 million).

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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