ICAP Posts 2016 Annual Report with Group Revenues Down from Prior Year

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ICAP Posts 2016 Annual Report with Group Revenues Down from Prior Year

Postby kreslik.news » Mon Jun 06, 2016 1:17 pm


Leading interdealer broker ICAP Plc has today released its annual report for its financial year ending March 31st 2016, with group revenues declining by 6% to £1.20 billion and lower by 3% when excluding closed trading desks and on a constant currency basis, amid challenging market conditions that the company noted in its report.

Trading profit before tax was £203m, and lower from £229m in the prior year and was impacted by a £7m foreign exchange trading loss, according to ICAPs 2016 annual report highlights.

An exceprt from the report, seen below, compares continuing revenues with revenues from discontinued operations and along with ... (read more)

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