Ayondo Markets Reaches Profitability in Second Half of 2015
Posted: Mon May 09, 2016 5:08 pm
A filing with the UK Companies House shows that the UK subsidiary of Ayondo, Ayondo Markets Limited, has reached profitability in the second half of 2015. The company’s report outlines that the brokerage recorded a substantial increase in revenues last year, netting a total of $10.6 million (£7.3 million), an increase of 115 per cent.
Focusing on the bottom line for the full year, the FCA regulated subsidiary of Ayondo recorded a loss of $1.31 million (£0.91 million), which is a less notable improvement when compared to 2014, when the firm reported a loss of £1.03 million.
Throughout 2015, Ayondo Markets has ... (read more)