XTB Reveals Strong Profits and Revenues for Q1 2018, Deposits Lower YoY

[kreslik.news]

Publicly listed Polish FX and CFDs brokerage XTB has reported its preliminary results for Q1 2018, displaying record numbers across key components of its business on a year-over-year basis, per an XTB financial disclosure.

Compared to a period of weak growth in the first quarter of 2017, XTB has seen pronounced gains in its financial figures. More specifically, during Q1 2018 XTB disclosed a total operating revenue of $33.0 million (PLN 113.7 million), which was up 94 percent year-over-year from $17 million (PLN 58.7 million) in Q1 2017.

The company attributed the solid revenues to higher trading volumes and the improved profitability ... (read more)