Infinox Capital UK reports lower revenue for fiscal year 2019

by ForexArby.com on the date Jan 3, 2020 8:48 am

Why exness? Evaluation and explanation of the broker

Infinox Capital Limited, a London-based brokerage, has published its full year results for its UK operations for the year ended March 31, 2019. In contrast to the previous year, reports reveal a challenging period for the broker.

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Specifically the FCA regulated broker has reported a drop in its turnover for its UK division, from £41.70 million in the 2018 financial year, to just £9.08 million in the 12 months ended March 31, 2019. This figure is also lower than the figure for Its turnover was £17.5 million in the 2017 financial year.

For the 2019 financial year, the brokerage announced a loss for its UK operations - £2.4m. Again, this is well below the £2.8m profit it made in the previous period in the UK.

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