Breaking: XTB Shares Tank 18% After Drop in Profit and Revenues in H1 2016

[kreslik.news]

Publicly traded Polish brokerage XTB has just reported on the outcome of the first half of 2016. The company’s key metrics have dropped somewhat lower reflecting according to the company a period of lower market volatility and lower interest rates.

The company reported that its net revenues for the first half of 2016 have decreased by 12 per cent when compared to a year ago. The total number came out at $28.6 million (PLN 113.8 million), with operating costs amounting to almost $24 million, a figure which is higher by 46 per cent when compared to the first half of 2015.

The ... (read more)