Compagnie Financière Tradition (CFT), a leading interbroker dealer across multiple- asset classes has released several financial metrics for the 2013 year, having reported revenues of $1066.7M (CHF 934.1M), or -8.9% YoY, according to a CFT statement.
Lackluster 2013 Yearly Metrics
Switzerland’s CFT is a platform provider for FX, derivatives, commodities and bonds, among many other products, whose 2013 year experienced a fair share of uncertainty, specifically over the regulation of OTC derivative markets. The company already released some of its 2013 financial metrics last month, which underscored a drop in Non-IFRS revenue of -8.9% YoY, or $1066.7M (CHF 934.1M) in 2013 vs. $1162.0M (CHF 1017.5M) in 2012.
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More recently, the company has reported an increase in operating margin of 6.4% at the end of 2013, compared with only 5.9% in 2012 (8.4% YoY). This corresponds to a drop in operating profit of 16.8% YoY, as illustrated by a 2013 figure of CHF 32.1M from CHF 38.6M (restated) in 2012.
Stockwatch, Dividend Rises to CHF 2.5
Compagnie Financière Tradition (SWX:CFT) is presently traded on the SWX and reached a YTD high of $57.1 (CHF 50.00). According to Forex Magnates Research, the stock has been dragged off its recent January highs to $53.1 (CHF 46.50) during its most recent trading, a drop of -7.52%. In other news, the stock dividends has improved to $2.85 (CHF 2.5) from $2.28 (CHF 2.0).