Compagnie Financière Tradition Reports Strong Gaitame.com Performance
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Compagnie Financière Tradition Reports Strong Gaitame.com Performance
Swiss inter-dealer broker Compagnies Financière Tradition (CFT), which also owns Japanese retail forex provider Gaitame.com reported its full results for 2016. The company marks improved profitability after posting flat total revenues, but increasing its margins.
Focusing on CFT’s retail FX business, the company is highlighting that Gaitame.com posted revenues that are higher by 27.2 percent when compared to the full year 2015.
The adjusted operating profit of CFT for 2016 is up 7.2 percent to CHF 85.8 million ($84.8 million). Net profits are higher by a quarter (24.2 percent to be precise) to CHF 50.4 million ($49.8 million). ... (read more)
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