Dukascopy Bank Releases Record H1 2016 Financial Results

The brokerage has recorded record income for H1 2016 despite the negative impact of newly-launched Dukaskopy Japan.

Dukascopy Bank, one of the biggest Swiss brokerages catering to foreign exchange and CFDs traders, today released a statement confirming that it has reached new record figures of CHF 17.2 million ($17.5 million), in total income, an increase of 1.6 percent compared with H1 2015 which was already a record semester for the firm.

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The brokerage also reported that due to an increase in operating expenses of 15.2 percent, reflecting IT developments and new marketing initiatives, the half year net profit is 25.8 percent below the same period 2015 but is still considered very satisfactory at CHF 2.5 million ($2.55 million).

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Japan Weighs

At group level, the consolidated total income is 2.4 percent above H1 2015 at CHF 18.1 million ($18.5 million). However, the initial losses of Dukaskopy’s new subsidiary, Dukascopy Japan, which is still at its launching phase, negatively affected the half-year consolidated net profit which amounts to CHF 1.9 million ($1.94 million).

Despite this, Dukascopy Japan is showing promising growth and is expected to break even in 2017.

The figures released today reflect a solid performance and continued stability in Dukascopy Bank and Dukascopy Group’s financial situation after announcing a year of record profits last year, as revealed by Finance Magnates in February.

At the time, the CFO of Dukascopy Bank Laurent Bellieres said: “Last year has been the best year ever in Dukascopy Bank’s history. It has also been exceptional because of the setting up of Dukascopy Japan in Tokyo after the acquisition of Alpari Japan.”

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