H1 Trading Update27 Oct 2021 13:35
Worth a read folks....
H1 2022 Pre-Close Trading Update
For the six months ended 30 September 2021
Reiterating FY guidance; increased relative contribution from the non-leveraged business continues
CMC Markets Plc ("CMC" or "the Group"), a leading global provider of online trading and institutional ("B2B") platform technology solutions, today issues a trading update for the six months to 30 September 2021 ("H1 2022" or "the period").
Key Highlights
· H1 2022 net operating income expected to be approximately £126 million. FY 2022 net operating income guidance reiterated at £250-280 million.
· H1 2022 leveraged gross client income is expected to be approximately £127 million (H1 2021: £174 million).
· H1 2022 leveraged net trading revenue is expected to be approximately £100 million (H1 2021: £200 million).
· H1 2022 non-leveraged net trading revenue is expected to be approximately £24 million (H1 2021: £26 million) representing 19% of Group net operating income versus 11% in H1 2021.
· Announced the acquisition of over 500,000 share investing clients of Australia and New Zealand Banking Group Limited ("ANZ"), with total assets in excess of AUD$45 billion which is due to complete in the next 12-18 months.