FxPro UK Limited, the UK business arm of FxPro Group, has reported its financial report for the year ending December 31, 2014, according to an FxPro report.
The group’s most noteworthy findings were diving revenues in 2014, which for the year ending December 31, 2014, came in at just $968,919 (£619,966), down -34.4% YoY from $1,477,153 (£945,161) garnered over the same interval in 2013.
Despite the observed weakness in revenues however, FxPro UK did manage to mitigate its expenses by a substantial margin. Indeed, expenses in the year ending December 31, 2014 yielded $1,246,365 (£797,491), falling -43.9% YoY from $2,222,249 (£1,421,913) in the previous year.
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In addition to these figures, FxPro UK incurred a post-tax loss of -$99,283 (-£63,537) during the year ending December 31, 2014 – however, this represents a fraction of the -$728,237 (-£465,965) loss seen in the previous year.
Finally, the group also saw its assets plunge to just $1,699,970 (£1,087,731) in the year ending December 31, 2014, diving $4,012,069 (£2,567,135) from the year prior.
FxPro made headlines last month after announcing a new set of instruments that became available to its clients worldwide. The list of Contracts for Difference (CFDs) was subsequently expanded to include several new listings, including the U.S. dollar index and the Chinese equities index, as well as 50 of the most traded companies.