Cinnober Financial Technology AB Posts Higher Net Sales in Q1 Results

[kreslik.news]

The Sweden-based public company operating since 1998 and with 250 staff supporting its diverse business line that caters to international stock exchanges, clearing houses, banks and brokerages, Cinnober Financial Technology AB (Cinnober), has today reported its first quarter (Q1) 2016 financials, according to a Q1 interim report from the company.

For the three months ending March 31st 2016, Cinnober had net sales of 76.3 million Swedish Krona (SEK) or roughly $9.63 million, and up from 68m SEK reported a year ago, and with operating profit amounting to 1.1m SEK for the first quarter of 2016.

Profit before tax dips

The company’s profit before ... (read more)