Admiral Markets UK, a provider of foreign exchange (FX) and contracts-for-difference (CFDs), has reported its year-end report ending December 31, 2015, having seen a strong uptick in its yearly profits, according to a company filing.
For the year ending December 31, 2015, Admiral Markets UK disclosed an operating profit of $131,315 (£99,165), which represents a virtual parabolic growth from $14,682 (£11,088) in the year prior, ending December 31, 2014.
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In addition, Admiral Markets UK saw a strong climb in its yearly turnover, rising to $1,949,788 (£1,472,411) during the year ending December 31, 2016. This also correlated to a steadfast climb from just one year before, which registered just $614,208 (£463,828), or a 217.4% YoY growth.
Rising in tandem to this was a cost of sales, which experienced an equally large increase over the same period. For the year ending December 31, 2015, Admiral Markets UK saw its cost of sales swell to $246,386 (£186,062), exploding 384.9% YoY from just $50,812 (£38,372) during the year ending December 31, 2014.
Income Soars YoY
The group’s total comprehensive income for the year ending December 31, 2015 ultimately came in at $127,745 (£96,469), jumping by a wide margin YoY from $5,988 (£4,522) during the year ending December, 31 2014.
Finally, in terms of total equity at Admiral Markets UK, the broker reported a total of $561,653 (£424,141) during the year ending December 31, 2015, relative to $275,003 (£207,673) for the period ending December 31, 2014.