GMO Click Fiscal Q2: Revenues down 5% YoY, Profits Remain Intact
GMO Click issued an announcement detailing its fiscal 2015 second quarter results ending on September 30th, 2014. Net operating revenues have been reported at ¥9.8 billion ($45.3 million), which is lower by 5% when compared to a year ago, but more than double than last quarter when the company reported ¥4.8 billion ($47.1 million) of net revenues.
This can’t come as a surprise, as during the quarter trading volumes at the Japanese powerhouse brokerage skyrocketed when compared to the dismal numbers throughout the first quarter of fiscal 2015 ending on June 30th.
After a 10% drop in July’s trading volumes, a quick rebound in August led to the best month of the year in September, when GMO Click reported a mind-boggling increase of 80% to ¥90 trillion. This marked the most active trading month since July of 2013, which was the last active month of Japanese yen Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv rate adjustments to accommodate the new Bank of Japan ultra-loose monetary policy.
On the bottom line, GMO Click reported a ¥2.67 billion profit, which is more than double the first fiscal quarter of 2015 and about flat when compared to last year. Profits per share amounted to ¥102.10 or $0.95.
GMO Click issued an announcement detailing its fiscal 2015 second quarter results ending on September 30th, 2014. Net operating revenues have been reported at ¥9.8 billion ($45.3 million), which is lower by 5% when compared to a year ago, but more than double than last quarter when the company reported ¥4.8 billion ($47.1 million) of net revenues.
This can’t come as a surprise, as during the quarter trading volumes at the Japanese powerhouse brokerage skyrocketed when compared to the dismal numbers throughout the first quarter of fiscal 2015 ending on June 30th.
After a 10% drop in July’s trading volumes, a quick rebound in August led to the best month of the year in September, when GMO Click reported a mind-boggling increase of 80% to ¥90 trillion. This marked the most active trading month since July of 2013, which was the last active month of Japanese yen Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv rate adjustments to accommodate the new Bank of Japan ultra-loose monetary policy.
On the bottom line, GMO Click reported a ¥2.67 billion profit, which is more than double the first fiscal quarter of 2015 and about flat when compared to last year. Profits per share amounted to ¥102.10 or $0.95.