GMO CLICK Sees Stagnated May Preliminary Operating Revenues

Despite oscillating revenues over the past few months, GMO CLICK is on track to see its highly quarterly revenue since

Japanese broking giant GMO CLICK Holdings, Inc. reported its preliminary operating revenues for May 2016, which took a slight step back relative to last month’s strong figures, ultimately part of an uneven year thus far, according to a GMO CLICK report.

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Per the latest figures, GMO’s May 2016 preliminary operating revenues came in at $22.3 million (¥2.37 billion), reflective of a slight pullback of $22.7 million (¥2.41 billion) set back in April 2016 – this corresponds to a monthly decline of just -1.7% MoM, largely stuck in a tight band that has continued during Q2 2016 thus far.

Extrapolating the data to include May 2015, the preliminary revenues in May 2016 were lower by a margin of -10.6% YoY from $24.9 million (¥2.65 billion). GMO CLICK’s operating revenues had trended lower in each quarter during 2015 – after peaking in Q1 2015, the group’s revenue actually looks to be on track for a better quarter in 2016.

Earlier this month, GMO CLICK released its overall May 2016 trading volumes, having displayed a double digit decline of -15.4% compared to the prior month, whilst rescinding below the ¥100 trillion threshold to ¥95.96 trillion ($880 billion) – its lowest level since last December. May had marked the third month of declining volumes for GMO Click since its February 2016 peak of $1.43 trillion worth of transactions.

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