CMC Interim Results Show Contraction Despite Pockets of Volatility
Posted: Tue Nov 22, 2016 8:47 am
CMC Markets (LON:CMCX) has just issued an interim management statement via the London Stock Exchange newswire. The UK brokerage that won the 2016 Finance Magnates London Summit award for best CFDs broker has reported a decline in net revenues and profits for the six months that ended on September the 30th.
The brokerage reported that client assets and client numbers have increased by 32 and 8 percent respectively, but the company’s top and bottom line have underperformed when compared to the same period last year.
With trading activity being largely focused on pockets of volatility during the reporting period, the results are ... (read more)