ADS Securities London Pivots to Retail, Posts a Profit for 2017

[kreslik.news]

The London-based subsidiary oil Abu Dhabi-headquartered brokerage company ADS Securities has posted its annual results for 2017. The company turned a net profit after posting a £3.1 million operating loss in 2016.

Last year the company posted a 36 percent gain in revenues to £5.4 million, an increase of 36 percent when compared to the previous year. ADS Securities London also posted a profit of £461,000 with the administrative expenses of the company falling by £2.2 million or a 31 percent cut.

Total assets of ADS Securities increased by about £2.7 million with cash and cash equivalents growing £2.9 million as the ... (read more)