Spreadex’s FY 2016 Profits Rise Despite Stagnated Revenues, IT Costs

[kreslik.news]

UK spread betting brokerage Spreadex has reported its year-end financial results ending May 31, 2017. The group’s operating profits were enough to offset a slight decline in revenues, ultimately seeing a rise in its overall yearly performance for the fiscal year (5.7 total profit growth percent year-over-year). Additionally, the group’s rollout of a lengthy IT and risk management upgrade finally reached its completion during the year.

The London Summit 2017 is coming, get involved!


Spreadex’s revenues were largely static during the fiscal year ending May 31, 2017, coming in at $65.49 million (£50.27 million), unchanged on ... (read more)