Plus500 : turnover record of $ 110 million

Plus500 : turnover record of $ 110 million

The CFD broker Plus500 has released its results for the first half of 2017 for the six-month period ending June 30, 2017. Revenues for Q2 have exceeded 100 million for the first time, reaching a tremendous 110,9 million – or 21% better than the best previous quarter (Q4-16).

The second largest CFD broker in the uk has significantly improved its net income with a profit of $ 90.7 million in the first half of 2017.

It is not surprising that the shares of Plus500 have reacted positively to the news, selling (at the time of the writing of the article), an increase of 19% to 784 pence per share, the highest price of the shares of Plus500 since last December (when the new rules of the FCA to limit the leverage effect on CFD’s have been announced).

The strong points of the first half of 2017 :

Net income : $ 90.7 million, +104%
Sales : 188,4 million +19%
Number of active clients : 112 317, +8%
Number of new customers : 31 671 , +43%
Average revenue per user : 1 678 $, +10%
Average acquisition cost per user : 836 $, -37%

These positive prospects occur in spite of the new regulations on the contracts for difference. Last month, the european securities and markets authority (ESMA) announced the intention to limit the leverage effect in 2018, and added that this would limit the marketing of CFDS.

August 4, 2017, Plus500 has declared a dividend through 27,21 million (0,2387 $ per share) calculated based on the number of shares issued at August 4, 2017 and a program for the repurchase of its shares 27,21 million.

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