GMO Click Parent Announces Mixed Financial Results in Q1 2017
- GMO Click disclosed its April 2017 metrics last week, which showed a slowdown in its monthly FX trading volumes.
Japan-headquartered GMO Internet Group, which provides a comprehensive range of services including brokerage services through GMO Click, the largest FX broker in Japan, has reported its consolidated financial results for the quarter ending March 31, 2017.
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For Q1 2017, GMO revealed that revenues from continuing operations pointed higher, coming in at ¥36.04 billion ($317.55 million), a gain of 8.6 percent YoY from ¥33,173 billion ($292.28 million) in the three months ending March 31, 2016. However, the group yielded an operating profit of just ¥3.5 billion ($31.1 million) during the three months through to March 2017, a loss of 3.3 percent from ¥3.7 billion ($32.2 million) the year earlier.
The same narrative was noted across its net income metric, with the group’s ordinary profit in Q1 2017 coming in at ¥3.4 billion ($29.7 million), which is down 5.1 percent compared to ¥3.6 billion ($31.3 million) in Q1 2016.
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 giant GMO Click disclosed its April 2017 metrics last week , which showed a slowdown in its monthly FX trading volumes. The company also saw even more traders losing money from their binary options activity month-on-month.
Japan-headquartered GMO Internet Group, which provides a comprehensive range of services including brokerage services through GMO Click, the largest FX broker in Japan, has reported its consolidated financial results for the quarter ending March 31, 2017.
The London Summit 2017 is coming, get involved!
For Q1 2017, GMO revealed that revenues from continuing operations pointed higher, coming in at ¥36.04 billion ($317.55 million), a gain of 8.6 percent YoY from ¥33,173 billion ($292.28 million) in the three months ending March 31, 2016. However, the group yielded an operating profit of just ¥3.5 billion ($31.1 million) during the three months through to March 2017, a loss of 3.3 percent from ¥3.7 billion ($32.2 million) the year earlier.
The same narrative was noted across its net income metric, with the group’s ordinary profit in Q1 2017 coming in at ¥3.4 billion ($29.7 million), which is down 5.1 percent compared to ¥3.6 billion ($31.3 million) in Q1 2016.
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 giant GMO Click disclosed its April 2017 metrics last week , which showed a slowdown in its monthly FX trading volumes. The company also saw even more traders losing money from their binary options activity month-on-month.