Online Japanese broking giant GMO CLICK Holdings, Inc. has just released its preliminary operating revenues for the first month of the fiscal year ending March 31, 2017 – April 2016 looks to be a notable improvement from March, though the figure has wavered relative to the year prior, according to a GMO CLICK report.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Looking at the latest figures, April 2016’s preliminary operating revenues came in at $22.0 million (¥2.4 billion), which constitutes a sizable ascension relative to the month prior. Compared to March 2016, the preliminary revenues in April were higher by a factor 15.8% MoM from $19.0 million (¥2.1 billion).
Make or Break Decision: Finding the Liquidity Provider Thats Best for YouGo to article >>
However, GMO CLICK’s April 2016 preliminary figures have signaled a decline over its 2015 counterpart, when operating revenues were $25.1 million (¥2.7 billion), or -12.2% YoY.
GMO CLICK is trying to reverse a 2015 narrative which saw its operating revenues waver in each successive quarter throughout last year, which peaked in Q1, ultimately losing ground and seeing its lowest financials in Q4 2015.
Earlier this month, GMO CLICK released its April trading metrics, giving a snapshot of its latest volumes across its over-the-counter (OTC) and exchange-traded FX business – the volumes totaled ¥113.4 trillion ($1.033 trillion) for April 2016, down -2.8% from ¥116.7 trillion ($1.037 trillion) reported in March 2016.