Rakuten Securities Reports 20% Rise in Revenues During First Quarter

[kreslik.news]

Japanese brokerage Rakuten Securities has issued an announcement, highlighting its performance in the first quarter of 2018. The company reports that its operating revenue increased sharply higher on a year-on-year basis. During the first three months of the year, the firm generated $513.5 million in revenues (¥55.9 billion), which is up 20 percent when compared to Q1 2017.

The revenue generated from commissions increased to $217.8 million (¥23.7 billion), which is up 13 percent year-on-year. The net trading income remained more or less flat at around $88 million (¥9.6 billion).

Trading on the Japanese markets was materially more ... (read more)