Year-over-year profit before tax grew by 14.5% as revenues rose 10.2%.
The Singapore-based global financial company under the name Phillip Brokerage Pte Ltd, has today seen one of its UK subsidiary groups report 2015 totals for their UK entities including King & Shaxson Capital Ltd and its Phillip Securities Nominees UK entity, where the subsidiary group recorded a profit before tax of £2,464,004 for its year ending June 30th, 2015.
The UK group includes PhillipCapital UK, the brand name that mirrors the company's parent group name in Singapore. That parent company has a 100% interest in the UK group since 2002 and which includes King & Shaxson Capital Ltd and King & Shaxson Ltd, as well as the still-dormant King & Shaxson Asset Management Limited.
The above-mentioned result included the combined earnings from the entities, and reflect an increase of £315,396 or up 14.6% from £2,148,608 reported for 2014. From those totals, the amount of retained profit amounted to £1,873,386 and is higher from £1,586,928 year-over-year, and up 18% during that period.
Overall, the 2015 results were driven by gross profits of £18,244,629 which were higher by 10.2% from £16,553,050 reported for 2014, while increases in administration costs during the same period rose by 9.3% from £14,462,780 in 2014 to £15,808,716 during 2015.
That rise in costs largely offset 80% of profits, and closely reflected the prior year's cost-of-income ratio yet nonetheless helped the 18% retained profit year-over-year and drive increases in key performance areas.
An excerpt from the company house filings can be seen below, and depicts the year-over-year improvements across key metrics.
A portion of the Startup expenses that comprised the group's total administration costs rose to £730,000 in connection with the launch of the company's PhillipCapital UK offering for FX and CFD margin trading business. The news follows after Phillip Capital UK partnered with OneZero earlier this year for its MT4 offering, as reported by Finance Magnates.
The Singapore-based global financial company under the name Phillip Brokerage Pte Ltd, has today seen one of its UK subsidiary groups report 2015 totals for their UK entities including King & Shaxson Capital Ltd and its Phillip Securities Nominees UK entity, where the subsidiary group recorded a profit before tax of £2,464,004 for its year ending June 30th, 2015.
The UK group includes PhillipCapital UK, the brand name that mirrors the company's parent group name in Singapore. That parent company has a 100% interest in the UK group since 2002 and which includes King & Shaxson Capital Ltd and King & Shaxson Ltd, as well as the still-dormant King & Shaxson Asset Management Limited.
The above-mentioned result included the combined earnings from the entities, and reflect an increase of £315,396 or up 14.6% from £2,148,608 reported for 2014. From those totals, the amount of retained profit amounted to £1,873,386 and is higher from £1,586,928 year-over-year, and up 18% during that period.
Overall, the 2015 results were driven by gross profits of £18,244,629 which were higher by 10.2% from £16,553,050 reported for 2014, while increases in administration costs during the same period rose by 9.3% from £14,462,780 in 2014 to £15,808,716 during 2015.
That rise in costs largely offset 80% of profits, and closely reflected the prior year's cost-of-income ratio yet nonetheless helped the 18% retained profit year-over-year and drive increases in key performance areas.
An excerpt from the company house filings can be seen below, and depicts the year-over-year improvements across key metrics.
A portion of the Startup expenses that comprised the group's total administration costs rose to £730,000 in connection with the launch of the company's PhillipCapital UK offering for FX and CFD margin trading business. The news follows after Phillip Capital UK partnered with OneZero earlier this year for its MT4 offering, as reported by Finance Magnates.
Capital One Faces Potential Enforcement Action over Savings Account Disclosures: Report
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24