Business
H1 2018 Pre-Close Trading Update
H1 2018 Pre-Close Trading Update.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \nRNS Number : 0267S CMC Markets Plc 28 September 2017 \n\n28 September 2017\n \n \nCMC Markets Plc\n \nH1 2018 Pre-Close Trading Update\n \n \nCMC Markets Plc (\"CMC\"), a leading global provider of online retail trading, today issues the following Trading Update.\n \nProfitability in H1 2018 is significantly higher than the same period in 2017 with both net operating income and revenue per client higher (and marginally higher than H2 2017), driven by increased client volumes. Active CFD / Spreadbet clients for the period are slightly lower than H1 2017 following the short term interest seen around the EU referendum. The strong increase in net operating income in H1 2018 despite the small decline in active clients reaffirms the firm's continuing focus on high-value, experienced clients.\n \nCMC retains its focus on cost discipline and operating costs before variable staff remuneration are broadly unchanged compared to the same period year-on-year. Costs in the second half are expected to increase through investment in key marketing initiatives, and the ongoing implementation of the Group's stockbroking partnership with ANZ Bank in Australia, which remains on track for delivery next year.\n \nRegulation remains a key focus for the firm, and despite profitability in H1 2018 being significantly higher than the same period in 2017, the firm remains cautious about the future outlook given the ongoing regulatory uncertainty and the impact, if any, potential changes could have on Group performance.\n \nThe results for the six months ending 30 September 2017 will be announced on Thursday 23 November 2017. \n \nInvestor and Analyst Presentation\nThere will be a presentation on 23 November 2017 at 9.30am for institutional investors and analysts at CMC's offices at 133 Houndsditch, London, EC3A 7BX, United Kingdom. Those wishing to attend should contact [email protected].\n \n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (\"MAR\"). Upon the publication of this announcement via Regulatory Information Service (\"RIS\"), this inside information is considered to be in the public domain.\n \n \nEnquiries\nCMC Markets Plc &...