StockMarketWire.com - Broking house Plus500 said its revenue had improved in the second quarter compared to the first.
Revenue for the three months through June amounted to $94.0m, up from $53.9 in the first quarter, which the company said was impacted by low levels of market volatility.
The level of client spreads and overnight charges for the second quarter was around $93.0, compared to $82.0 in the first quarter.
'Of note, there were signs of reduced levels of marketing across the company's peer group which, along with continued strong and focused marketing investment by Plus500, led to an increase in the rate of new customer recruitment and a reduction in the average cost of acquisition,' Plus500 said.
'Further details of the company's operational and financial performance will be provided in its half year results for the six months ended 30 June 2019, to be issued in August 2019.' Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.