Compagnie Financière Tradition Posts 8.9% Revenue Rise in Q4 2022

Thursday, 02/02/2023 | 08:16 GMT by Arnab Shome

Its revenue from the Japanese retail brokerage business jumped by 5.5 percent.

It closed the year with a total consolidated revenue of CHF 947.4 million.

Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, reported the consolidated revenue as CHF 231.1 million for the fourth quarter of 2022. The figure jumped from CHF 219 million generated in the last three months of the previous year with a year-over-year increase of 8.9 percent on a constant currency basis.

Compagnie Financière Tradition Ends Q4 Positively

The consolidated adjusted revenue of the group came in at CHF 250.9 million, according to the official figures shared with Finance Magnates. It jumped from CHF 239.3 million in Q4 2021, showcasing an 8.7 percent increase in constant currency basis and 4.8 percent at the current exchange rate.

CFT divides its business into two primary divisions, the interdealer broking business (IDB) and the non-interdealer broking business, which is its retail forex trading business in Japan under the brand Gaitame.

Though the group did not disclose the figures from its two business divisions separately, it highlighted that the consolidated adjusted revenue from its IDB business jumped 8.8 percent and the non-IDB area increased 5.9 percent in constant currencies. Considering current exchange rates, IDB business improved by 5.5 percent, whereas non-IDB declined 11.4 percent.

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Solid Yearly Performance

In addition, CFT highlighted that its consolidated revenue for the entire year came in at CHF 947.4 million. Compared to the previous year’s CHF 873.6 million, the figure improved by 10.5 percent in constant currencies and 8.4 percent at the current exchange rate.

It closed the year with a consolidated adjusted revenue of about CHF 1.03 billion, which is an increase of 10.6 percent at a constant rate from the previous year. The adjusted revenue from IDB was 10.4 percent in constant currencies in the year, whereas non-IDB jumped 14.6 percent.

Its yearly performance was boosted by a revenue uptick in three quarters. It generated consolidated revenue of CHF 232.4 million in Q3, which is a 19.2 percent year-over-year increase at a constant exchange rate. Its revenue in the year's first half came in at CHF 483.9 million, which is also a jump of 7.5 percent in constant currencies as revenue from Japan's Gaitame grew in Q1.