Ayondo Sees Losses Inflate in First Half of 2018, Revenues Up 26%

[kreslik.news]

Zurich-based investment firm ayondo, which operates a regulated online social trading platform in London and Frankfurt, has reported its financials for the first half ending June 30, 2018. The listed company failed to mitigate its losses for the reported period, having spent additional resources around the IPO process and other internal structuring, which really weighed down the broker’s profits this year.

Despite its losses, revenues were pointed higher on a yearly basis.

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In terms of its operations, ayondo dramatically hiked its operating losses to a figure of CHF 5.0 ... (read more)