CMC Markets publishes an annual report. Profits strongly up

CMC Markets, broker listed on the London Stock Exchange (LON: CMCX), has published a comprehensive annual report. The results presented are downright brilliant and the share price reacted immediately and is now up over 6%.

Profits Up 58% 

The company's revenues increased by as much as 13% compared to the first half of the year and amounted to 85,3 million pounds, which is a great result. And even better news is that earnings rose by 58% in the second half of fiscal 2017 to £ 29,7m. This is a record result in the history of CMC Markets. A very similar, although lower, result was recorded in mid-2015.

Semi-annual results of CMC Markets (in GBP million). source: LeapRate

Trivia from the report

• The increase in revenues from the institutional part of trading (White Label, Gray Label, access to APIs of banks and brokers) amounted to as much as 38,7% and constitutes as much as 14% of total revenues.
• The sum of funds accumulated in CMC Markets from the customer deposit amounts to 317,5 million GBP and is 38% higher than a year ago.
• The number of active clients in 2017 is 60.
• Customers made about 62,7 million transactions for a total 2 016 billion pounds.
• The British broker employs 596 people - 149 women and 447 men.
• CMC Markets Executive Director Peter Cruddas received a salary of £ 412 during the year.

Information about clients and transactions. source: CMC Markets report

The report also includes information on future plans, such as the company indicates its priorities for the coming year of operation. The Management Board mentions focusing on regulatory adjustments on the market in the UK and Germany (we remind: BaFin introduced significant changes in German regulations). What should interest us is the sentence about the continuation of the investment in the Warsaw branch. With such great results, we can expect further development of the broker on the Polish market.

Full annual report (PDF)