Japanese financial services firm Monex Group has reported its monthly consolidated financial results for the month ending March 2017, which showed an upbeat performance on both yearly and monthly terms in what has been its best month since August 2015, according to a corporate statement.
The Japanese broker’s revenues grow now for the third month in a row. Delving into March 2017, the group managed to secure a fresh rebound, reporting an operating revenue of $42.57 million (¥4,736 million), up 19.5 percent month-over-month from $35.6 million (¥3,962 million) in February 2017.
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Over a yearly timeframe, the latest figures showed a more upbeat picture, increasing by 22.0 percent year-over-year from $34.9 million (¥3,887 million) back in March 2016.
Financial expenses also registered an increase during the month ending March 2017, coming in at $3.5 million (¥389 million). This corresponded to a jump of 25.9 percent from $2.77 million (¥309 million) in February 2017. Year-over-year, Monex did see an increase of this figure by 20.4 percent when weighed against $2.9 million (¥323 million) in March 2016.
Moving to Monex’s operating revenue after deducting financial expenses, the company reported the figure at $39.07 million (¥4,347 million) in March 2017, a gain of 18.9 percent month-over-month from $32.83 million (¥3,653 million) in February 2017. When measured against its 2016 equivalent, Monex’s net operating revenue was also higher by a factor of 22.0 percent year-over-year from $32.02 million (¥3,563 million) in March 2016.
Trading Volumes in Decline
Earlier this month, Monex reported its March 2017 business metrics that saw a mixed performance across its FX segment. Monex’s Daily Average Revenue Trades (DARTs) incurred a decline on a month-over-month basis, falling -1.9 to 257,717 in March 2017, compared to 262,809 in February 2017. This figure is also substantially lower than its previously yearly reading, falling -6.0 percent year-over-year from 274,230 in March 2016.