Invast Securities Discloses Mixed Results in Second Quarter FY2017

[kreslik.news]

The Japanese forex broker Invast Securities reported its financial metrics for Q2 of the fiscal year ending March 30, 2017, which were emblematic of lagging performance, according to an Invast statement.

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Net operating revenues at the Japanese broker managed to rise to $15.2 million (¥1.6 billion) during Q3 2016, having soared 83.4% YoY compared to Q3 2015. However, operational expenses for the entire quarter jumped to $16.6 million (¥1.7 billion), which constitutes a jump of 97.3% YoY.

In addition, Invast’s net operating income also experienced a similar drop during Q2 FY2017. The ... (read more)