CMC Markets unveils ‘strong’ results after LSE listing

Spread betting and CFD trading company CMC Markets has followed up on its successful listing on the London Stock Exchange (LSE) earlier this year by posting a positive set of financial results for the 12 months through to March 31, 2016.

Net operating income for the full-year amounted to £169.4 million (€215.6 million/$24.6 million), an increase of 18% on the £143.6 million achieved in the previous year.

Underlying profit before tax was up by 20% year-on-year to £62.4 million, while profit before tax hiked 23% to £53.4 million.
 
CMC also revealed that the number of trades made via its platform jumped 50% to 66.8 million, with the value of trades also increasing by 27% to £2.1 billion.

The number of active clients using CMC’s services grew by 14% to 57,320, while revenue per active client was up 4% to £2,828.

Peter Cruddas, chief executive of CMC Markets, said: “I am very pleased to report a strong first set of results since we successfully listed on LSE in February 2016.

“Our clear strategy to provide our clients with the best trading platform, superior service and competitive pricing, with a strong focus on innovation, has delivered another strong performance, with profit before tax up by over 20%. But we’re not standing still.

“We continue to add new products, open new offices and offer new features and tools through our award-winning Next Generation trading platform.

“Despite a recent easing of trading activity, with these developments and our excellent team, I am confident that CMC will continue to deliver further strong growth.”

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