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Plus500 set to surpass financial expectations in 2017
| By iGB Editorial Team
Plus500 has revealed that it expects to post better-than-expected revenue and profit for the 12 months to December 31, 2017
Plus500 has revealed that it expects to post better-than-expected revenue and profit for the 12 months to December 31, 2017.
In a trading update, Plus500 said that “strong momentum in both trading and attracting new customers continued through to the year end” and it achieved record quarter revenue in the final three months of the year.
Other key highlights for Plus500 in the past year include approximately 246,000 new customers, which is much higher than 104,432 in the previous year and a new record for the company.
Asaf Elimelech, chief executive of Plus500, said: “We are pleased to announce another strong period in both revenues and profits.
“Momentum in the business has continued to be strong with increased interest in our crypto currency CFD offering and record new and active customer numbers, demonstrating our ability to serve our customers' trading needs through product innovation and technology leadership.”
Plus500 expects to report its preliminary results for the financial year before the end of February.