Sucden Financial Posts £10.9m Net Profit for 2017, Revenues Up 5%

Sucden Financial has posted its financial results for 2017, highlighting record revenues and profits for the company throughout last year. For the year that ended on December 31, 2017, the company posted a net profit of £10.9 million ($14.93 million), an increase of 30 percent when compared to the previous year.

Net revenues totaled £48.7 million ($66.69 million), a figure which is higher by about five percent when compared to 2016. Total assets of Sucden Financial grew over £11 million ($15.06 million) pounds during 2017 to £101.6 million ($139.13 million).

Commenting on the company’s results, the CEO of the Sucden Financial, Michael Overlander, said: “Our latest financial figures reflect the stability and strength of our business. Revenues and profits are showing a healthy increase, as the benefits of substantial investments in both established and new business areas begin to be realized.”

“The firm holds a strong position for further growth, not only in our traditional commodity space but also in 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, bonds, and Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, where we continue to diversify the company’s activities,” Overlander elaborated.

Over the past year, Sucden Financial has been expanding its product portfolio. The brokerage opened access to major ECNs for trading foreign exchange last year in March 2017. The move was followed by the addition of FX options in May last year.