Plus500 Reports New Record Revenues for Q1 2016
Posted: Sun Apr 17, 2016 6:44 am
The London Stock Exchange listed brokerage Plus500 (LON:PLUS) has just published its first quarter metrics, showing a strong performance for the three months period which ended on the 31st March 2016. The firm reports both new record quarterly revenues and record active customers.
Looking at the actual figures, Plus500 reached quarterly revenues of $85.2 million (up 26% QoQ and 4% YoY) as well as 67,821 active customers (just slightly higher Q1 2015 but 38% higher from the previous quarter). The reason for the weaker yearly comparison is that the operation benefited greatly from the CHF crisis in Q1 2015 – which was a one-off event. This is also evident in Plus500’s total ... (read more)