Marex Spectron 2015 Revenues Drop Yet Cost Savings Lift Profit to a Record

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Marex Spectron 2015 Revenues Drop Yet Cost Savings Lift Profit to a Record

Postby kreslik.news » Tue May 24, 2016 9:45 am


London-headquartered Marex Spectron Group Ltd (Marex Spectron), which provides commodity brokerage services through its regulated businesses across the UK, US, Hong Kong, and Singapore, has today reported a record operating profit of $22.7 million for its 2015 year that ended December 31st, as per a company statement.

2015 gross revenues amounted to $348m, down $20m from $368m reported in 2014, yet, costs had been reduced by $29 million over the same period and helped lower operating expenses to $325m from the prior year and helped lift operating profit to a record.

The cost reductions – which are part of a multi-year ... (read more)

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