CLS Reports Loss in H1 2018 as Amortization of Settlement Product Accelerated

[kreslik.news]

CLS Group, a provider of risk mitigation and settlement services for FX dealers and institutions, has released its interim financial metrics for the first half of 2018, which showed tepid signs of growth over the previous year, largely clinging to a tight consolidation across key figures.

CLS reported a revenue of £101.5 million ($133 million) for the six-month period ending June 30, good for a rise of 1.6 percent year-over-year from £99.9 million back in H1 2017. The increases in revenue over the past year have come during a recent uptrend in volumes at the venue, having ... (read more)