REVENUE

The company stock price went down sharply at the market opening hours on Tuesday.

The company blamed a stronger Swiss franc behind the double-digit decline.

Client acquisition of the Group surged by 87% year-on-year in the last six months.

The brokerage is focusing on acquiring and retention of high-value clients.

Its financial services business went up despite overall decline.

Adjusted EBITDA also increased substantially year on year.

The broker’s Board remains confident in its outlook for the year.

The coronavirus pandemic limited spending among clients.

Due to a large increase in administrative expenses, the broker still reported a loss for the year.

An uptick in stock and FX commissions provided a boost for revenues during the period.

The company has also reported a solid uptick in trading volumes and activity in H1 of 2020.

TP ICAP recorded £990 million in statutory revenue for the first six months of the year.

The first half of 2020 was the most successful year in the broker’s 19-year history.

Revenue increased slightly by 2 percent from the previous quarter.

Net trading revenue for the 2020 fiscal year increased by 36 percent year-on-year.

The numbers gained from the increased market activity during the COVID-19 volatility.

For the four months ended June 30, 2020, FD recorded yearly revenue growth of 2 per cent.

This represents an annual growth of more than 40 per cent.

Revenue increased by 9 per cent year-on-year, as did profit before tax.

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