StockMarketWire.com - Pre-tax profit at Plus500 (PLUS), which provides online trading services, grew by 99% to $116.3 million in the first half with revenues up 19% to $188.4 million.

The company said performance was driven by its online marketing campaigns, diverse product offering and user-friendly platform.

The number of new customers surged 43% to 31,671 in the second quarter, and the number of active customers grew by 8% to a record level of 112,317 in the first half.

Asaf Elimelech, chief executive officer of Plus500, said results were significantly ahead of market expectations.

"We continue to invest in enhancing our trading platform and in our brand whilst exploring new avenues for growth. This investment together with our highly flexible business model will enable us to deliver further growth, whilst managing the impact of any regulatory changes which are expected to take effect during 2018," he added.




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