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In the aftermath of the most recent public listing in the industry, Polish brokerage XTB has announced that the company has recorded strong year-on-year growth in the first quarter of 2016. The firm listed on the Warsaw Stock Exchange has reported in its first ever quarterly report that it generated operating income and net profit of $21 million and $8.1 million, respectively. The company raised over $360 million when it got listed earlier this year in May.
The results marked an increase in margins with XTB’s EBITDA margin and net profit margin reaching 52.8 per cent ... (read more)