CMC Markets pubished final results for the year ended 31 March 2016; strong profit growth 

CMC Markets Plc has issued a press release to inform in relation to the final results for the Year ended 31 March 2016.

• For its first results since listing, CMC reports strong profit growth.

Strong growth across all key metrics

• Net operating income up 18% to £169.4 million (2015: £143.6 million)
• Underlying profit before tax up 20% to £62.4 million (2015: £51.9 million)
• Active clients up 14% to 57,329
• Revenue per active client continues to increase and amongst highest in the industry, up 4% to £2,828
• Proposed final dividend of 5.36 pence

Continued focus on cost control

• Net staff costs as a percentage of net operating income improves to 27.1% (2015: 28.3%)
• Investment in marketing increases slightly to 11% of net operating income (2015:10%) in line with guidance of 10% to 12% over next three years

Strong balance sheet

• Regulatory total capital ratio of 31%
• Own funds of £176.4 million

Delivering on strategic initiatives

• 48% of the value of Next Generation client trades completed on mobile devices
• 21 awards won globally for our Next Generation IT platform and client service
• New binary products successfully launched globally
• Institutional offering launched
• Good progress on digital and mobile initiatives

Peter Cruddas, Chief Executive Officer of CMC Markets said:Peter Cruddas, Chief Executive Officer of CMC Markets said:
“I am very pleased to report a strong first set of results since we successfully listed on the London Stock Exchange in February 2016. Our clear strategy to provide our clients with the best trading platform, superior service and competitive pricing, with a strong focus on innovation, has delivered another strong performance, with profit before tax up by over 20%. But we’re not standing still. We continue to add new products, open new offices and offer new features and tools through our award-winning Next Generation trading platform. Despite a recent easing of trading activity, with these developments and our excellent team, I am confident that CMC will continue to deliver further strong growth.”

Source: CMC Markets

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