ETX Capital Posts Record Profits in 2015, Revenues Higher by 20%
Posted: Mon Oct 10, 2016 2:13 pm
London headquartered, FCA regulated brokerage ETX Capital has continued its rapid expansion. Accoding to a Companies House filing the firm’s revenue increased by 20 per cent to £41.3 million ($50.1 million) in 2015. For the same period the company also reported that its Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to £4.2 million ($5.2 million), a figure which is higher by 11 per cent.
According to the company’s annual report, ETX Capital’s growth has been driven by increasing client numbers and higher revenue capture per client. The number of clients increased by 36 per cent year-on-year, reaching to about ... (read more)