Sucden Financial’s Revenues Rise in 2016, Profits Take Slight Hit

Sucden Financial's year-end report was largely positive, maintaining healthy profit margins and revenues in 2016.

Sucden Financial, a commodities and financial futures brokerage, has reported its full year 2016 financials, which saw its business largely continue a positive course for the year. Despite a few mixed results, the group maintained steady profits, also incurring less staff turnover relative to the year prior, per a regulatory filing.

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In particular, Sucden Financial continued its string of profitable years, reporting an operating profit of $9.9 million (£7.7 million) – relative to the year prior, this figure did represent a decline however of -6.1 percent year-over-year from $10.5 million (£8.2 million) in 2015.

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Looking at its net revenue, Sucden Financial scored a higher figure in 2016, coming in at $59.7 million (£46.5 million), good for a boost of 7.1 percent year-over-year from $55.7 million (£43.4 million) in 2015. Continuing with this trend, shareholder funds at Sucden Financial in 2016 were also on the uptick, showing a figure of $115.5 million (£90.0 million) vs. just $110.1 million (£86.6 million), or 3.9 percent higher year-over-year.

Sucden Financial’s return on capital was slightly lower in 2016, reporting a figure of 8.6 percent for the year, compared to 9.5 percent in 2015. Moreover, the group’s net cash balance retreated to $132.2 million (£103.0 million) in 2016, down -8.7 percent year-over-year from $144.7 million (£112.8 million).

Staff turnover was also down on a yearly basis, given Sucden’s closure of its Private Client Desk. As such, its staff turnover came in at 12.6 percent in 2016, relative to 19.0 percent in the year prior.

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