Invast Securities Discloses Mixed Yearly Financials, Revenues Shine
- Revenues and income were a mixed bag for Invast during the fiscal year, moving in different directions.
Invast Securities has released its annualized financial figures for the year ending March 31, 2016 – the broker saw a manifold increase across some key metrics, including a strong performance in revenues relative to the year prior, according to an Invast statement.
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Over the past year, Invast saw an uneven performance across its operating revenues, which constituted a low of $2.3 million (¥244 million) back in November 2015 as well as a high of $3.5 million (¥379 million) back in June 2015. By and large, the broker underwent an oscillating string of revenues throughout the fiscal year ending March 31, 2016, though taken as a whole it managed to report a consolidated figure of ¥3,785 million in yearly operating revenues – this compares to just ¥3,474 million in the year prior, an 8.9% difference YoY.
In addition, Invast also secured a healthy uptick in its commissions earned from its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv FX business and other channels, yielding a year-end figure of ¥969 million for the year ending March 31, 2016, jumping 12.3% YoY from ¥863 million in the previous fiscal year.
Income Pointed Lower
Another component of Invast’s business metrics that seemed to shine in 2016 was across its income – indeed, operating income notched a vast improvement in the recent fiscal year, disclosing a consolidated figure of ¥311 million for the year ending March 31, 2016, easily outperforming a -¥119 million loss for the past fiscal year.
This strength was not extended to Invast’s net income however, and despite carrying a consolidated figure of ¥496 million in the previous fiscal year, it reported a negative sum of -¥404 million, ending March 31, 2016. EBITDA numbers also corroborated this trend, falling in multiple quarters during 2016 – Q3 2016 represented a bottoming out of just ¥17 million, corresponding to a Q4 2016 high of ¥224 million.
Invast Securities has released its annualized financial figures for the year ending March 31, 2016 – the broker saw a manifold increase across some key metrics, including a strong performance in revenues relative to the year prior, according to an Invast statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Over the past year, Invast saw an uneven performance across its operating revenues, which constituted a low of $2.3 million (¥244 million) back in November 2015 as well as a high of $3.5 million (¥379 million) back in June 2015. By and large, the broker underwent an oscillating string of revenues throughout the fiscal year ending March 31, 2016, though taken as a whole it managed to report a consolidated figure of ¥3,785 million in yearly operating revenues – this compares to just ¥3,474 million in the year prior, an 8.9% difference YoY.
In addition, Invast also secured a healthy uptick in its commissions earned from its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv FX business and other channels, yielding a year-end figure of ¥969 million for the year ending March 31, 2016, jumping 12.3% YoY from ¥863 million in the previous fiscal year.
Income Pointed Lower
Another component of Invast’s business metrics that seemed to shine in 2016 was across its income – indeed, operating income notched a vast improvement in the recent fiscal year, disclosing a consolidated figure of ¥311 million for the year ending March 31, 2016, easily outperforming a -¥119 million loss for the past fiscal year.
This strength was not extended to Invast’s net income however, and despite carrying a consolidated figure of ¥496 million in the previous fiscal year, it reported a negative sum of -¥404 million, ending March 31, 2016. EBITDA numbers also corroborated this trend, falling in multiple quarters during 2016 – Q3 2016 represented a bottoming out of just ¥17 million, corresponding to a Q4 2016 high of ¥224 million.