Plus500 Shares Spike 10% on Record 2016 Metrics and Dropping Costs

[kreslik.news]

Foreign exchange and CFDs brokerage Plus500 has just reported its full 2016 earnings results. The company has posted a record year with growth in revenues totalling almost 20 percent and the number of new and active accounts rising substantially.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Revenues for the full year totalled
$327.9 million with Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) reaching $151 million, which is higher by 14 percent when compared to last year.

Plus500 recorded a profit of $117.2 million, which is higher by 21 percent when ... (read more)