Marex Spectron 2015 Revenues Drop Yet Cost Savings Lift Profit to a Record
Moderator: moderators
-
- rank: 10000+ posts
- Posts: 37309
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
Marex Spectron 2015 Revenues Drop Yet Cost Savings Lift Profit to a Record
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)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.