Year-over-year profit before tax grew by 14.5% as revenues rose 10.2%.
The Singapore-based global financial company under the name Phillip Brokerage Pte Ltd, has today seen one of its UK subsidiary groups report 2015 totals for their UK entities including King & Shaxson Capital Ltd and its Phillip Securities Nominees UK entity, where the subsidiary group recorded a profit before tax of £2,464,004 for its year ending June 30th, 2015.
The UK group includes PhillipCapital UK, the brand name that mirrors the company's parent group name in Singapore. That parent company has a 100% interest in the UK group since 2002 and which includes King & Shaxson Capital Ltd and King & Shaxson Ltd, as well as the still-dormant King & Shaxson Asset Management Limited.
The above-mentioned result included the combined earnings from the entities, and reflect an increase of £315,396 or up 14.6% from £2,148,608 reported for 2014. From those totals, the amount of retained profit amounted to £1,873,386 and is higher from £1,586,928 year-over-year, and up 18% during that period.
Overall, the 2015 results were driven by gross profits of £18,244,629 which were higher by 10.2% from £16,553,050 reported for 2014, while increases in administration costs during the same period rose by 9.3% from £14,462,780 in 2014 to £15,808,716 during 2015.
That rise in costs largely offset 80% of profits, and closely reflected the prior year's cost-of-income ratio yet nonetheless helped the 18% retained profit year-over-year and drive increases in key performance areas.
An excerpt from the company house filings can be seen below, and depicts the year-over-year improvements across key metrics.
A portion of the Startup expenses that comprised the group's total administration costs rose to £730,000 in connection with the launch of the company's PhillipCapital UK offering for FX and CFD margin trading business. The news follows after Phillip Capital UK partnered with OneZero earlier this year for its MT4 offering, as reported by Finance Magnates.
The Singapore-based global financial company under the name Phillip Brokerage Pte Ltd, has today seen one of its UK subsidiary groups report 2015 totals for their UK entities including King & Shaxson Capital Ltd and its Phillip Securities Nominees UK entity, where the subsidiary group recorded a profit before tax of £2,464,004 for its year ending June 30th, 2015.
The UK group includes PhillipCapital UK, the brand name that mirrors the company's parent group name in Singapore. That parent company has a 100% interest in the UK group since 2002 and which includes King & Shaxson Capital Ltd and King & Shaxson Ltd, as well as the still-dormant King & Shaxson Asset Management Limited.
The above-mentioned result included the combined earnings from the entities, and reflect an increase of £315,396 or up 14.6% from £2,148,608 reported for 2014. From those totals, the amount of retained profit amounted to £1,873,386 and is higher from £1,586,928 year-over-year, and up 18% during that period.
Overall, the 2015 results were driven by gross profits of £18,244,629 which were higher by 10.2% from £16,553,050 reported for 2014, while increases in administration costs during the same period rose by 9.3% from £14,462,780 in 2014 to £15,808,716 during 2015.
That rise in costs largely offset 80% of profits, and closely reflected the prior year's cost-of-income ratio yet nonetheless helped the 18% retained profit year-over-year and drive increases in key performance areas.
An excerpt from the company house filings can be seen below, and depicts the year-over-year improvements across key metrics.
A portion of the Startup expenses that comprised the group's total administration costs rose to £730,000 in connection with the launch of the company's PhillipCapital UK offering for FX and CFD margin trading business. The news follows after Phillip Capital UK partnered with OneZero earlier this year for its MT4 offering, as reported by Finance Magnates.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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