GMO Click Reports Stagnant Financial Results for H1 of Fiscal Year

GMO Click Holdings Inc (TYO:7177), the parent company of Japanese Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term giant GMO Click Securities, earlier today announced its preliminary consolidated financial results for the second quarter and first half of the fiscal year ending March 31, 2017, which took a step back compared with the same period of last year.

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In terms of the aggregated preliminary financial results by the end of Q3 2016, GMO Click put together a weak YoY performance relative to 2015 figures. Preliminary operating revenues at GMO Click amounted to JPY 13,844 million ($133.7 million) in the past six months ending September 30, 2016, or H1 FY 2017, down -10.8 percent from the reading of JPY 15,520 million ($149.8 million) registered in H1 FY 2016.

In addition, the comparison with last year’s figures in terms of operating income was not that rosy, as the figure reflected a decrease of -7.0 percent YoY, coming in at JPY 5,403 million ($52.16 million) compared with 5,812 million ($56.12 million) in the six months’ period ending September 30, 2015.

Moreover, the company posted JPY 5,360 million ($51.74 million) in ordinary income for the reported period – this constitutes a drop of -7.0 percent YoY from JPY 5,809 million ($52.16 million) observed during the same interval in 2015.

In a different vein, profit attributable to owners of its parent company rose to JPY 3,714 million ($35.85 million) in H1 FY 2017, a jump of 6.45 percent YoY in terms of net income from H1 FY 2016.