Monex Group Reports Dim Financial Results for Q4 and Fiscal 2017

[kreslik.news]

Monex Group Inc today published its financial results for the fourth quarter and fiscal year ending on the March 31, 2017 showing a further decline in both revenues and profits explained a series of factors including declining trading volumes and costs associated with a new brokerage system which has impacted on the brokerage’s bottom line.

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For FY 2017, Monex’s results showed a total operating revenue of $441 million (¥49.1 billion), revealing a further consecutive yearly decline of -10.6 percent year-on-year over FY 2016’s ... (read more)