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Plus500 Ltd on Tuesday maintained optimistic about the year ahead, even as both annual revenue and profit fell.
For the year ended December 31, the London-based financial technology company reported pretax profit of $336.2 million, down from $474.3 million a year prior.
Revenue was $762.2 million, down 13% from $832.6 million the previous year. This was comprised of trading income of $674.3 million and interest income of $51.9 million.
The firm declared a final dividend of $0.39 per share, as well as a special dividend of $0.56 per share.
‘2023 saw further progress against all three strategic objectives: we expanded our US futures businesses, launched a new retail FX OTC trading platform in Japan and extended our portfolio of global regulatory licences to 13. We expanded our core product offering to include a share dealing platform, and a new line of business offering futures and options on futures,’ said Chief Executive Officer David Zruia.
‘During the period, we achieved a record high average deposit per active customer reflecting our on-going focus on higher value customers and the intuitive nature and reliability of our market-leading technology.’
Looking forward, Plus500 said that, given its ‘significant strategic, operational, and financial progress over recent years’ and its ‘robust financial position’, it remains confident of its future prospects.
Plus500 shares were trading 2.5% higher at 1,876.00 pence each in London on Tuesday morning.
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