REVENUE

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.

A surge in trading activity driven by coronavirus has provided a boost for revenues.

Nomura posted total revenue of around $18.4 billion for the year ended March 31, 2020.

In the fourth quarter of last year, the bank reported a pre-tax loss of €1.3 billion.

The company reported a revenue of $150.5 million.

The broker did manage to record an uptick in revenues during the period.

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