Aquis Alternate (LON: AQX) launched its unaudited monetary outcomes for the primary six months of 2022, reporting internet income of £8.3 million. It was a year-over-year improve of 21 % from £6.9 million in H1 2021.
Nevertheless, the EBITDA of the alternate got here all the way down to £1.4 million from £1.6 million with a big funding in know-how and manpower, as identified within the LSE submitting. It ended the interval with a pre-tax revenue of £0.7 million, which is down from the earlier 12 months’s £1.0 million.
Aquis has a diversified income stream. It operates a pan-European money equities buying and selling platform, which is a main market place and likewise develops and licenses alternate software program.
“Our revenues have continued to extend, reflecting the robust momentum throughout the Group. This progress has been pushed by elevated contributions from the principal enterprise divisions: pan-European secondary buying and selling, know-how gross sales, main issuers and knowledge revenues,” mentioned Alasdair Haynes, the CEO of Aquis.
All Divisions Strengthened
The 2 alternate platforms collectively generated income of £5.4 million, which is a yearly improve of 10 %. In the meantime, the variety of Aquis Alternate members jumped to 42 from 39 within the first half of the interval 12 months. Nevertheless, there was an 8 % decline in common month-to-month utilization when it comes to chargeable orders because of market volatility .
Moreover, the income from Aquis Applied sciences jumped considerably from £0.6 million to £1.1 million. Although the division didn’t full any initiatives within the interval, it added one new contract. Furthermore, it generated £1.4 million by promoting alternate knowledge to non-member market members.
The corporate continues to put money into cloud know-how for its long-term progress and can be enhancing its software program licensing actions for constructing a world presence.
“Whereas we anticipate the prevailing financial uncertainty will proceed to impression market members within the quick to medium time period, we’ve got demonstrated we’ve got the fitting mannequin, crew, know-how and imaginative and prescient to ship shareholder worth and look to the longer term with confidence,” the CEO added.
Earlier this month, Aquis launched a darkish buying and selling venue for members within the European Union.
Aquis Alternate (LON: AQX) launched its unaudited monetary outcomes for the primary six months of 2022, reporting internet income of £8.3 million. It was a year-over-year improve of 21 % from £6.9 million in H1 2021.
Nevertheless, the EBITDA of the alternate got here all the way down to £1.4 million from £1.6 million with a big funding in know-how and manpower, as identified within the LSE submitting. It ended the interval with a pre-tax revenue of £0.7 million, which is down from the earlier 12 months’s £1.0 million.
Aquis has a diversified income stream. It operates a pan-European money equities buying and selling platform, which is a main market place and likewise develops and licenses alternate software program.
“Our revenues have continued to extend, reflecting the robust momentum throughout the Group. This progress has been pushed by elevated contributions from the principal enterprise divisions: pan-European secondary buying and selling, know-how gross sales, main issuers and knowledge revenues,” mentioned Alasdair Haynes, the CEO of Aquis.
All Divisions Strengthened
The 2 alternate platforms collectively generated income of £5.4 million, which is a yearly improve of 10 %. In the meantime, the variety of Aquis Alternate members jumped to 42 from 39 within the first half of the interval 12 months. Nevertheless, there was an 8 % decline in common month-to-month utilization when it comes to chargeable orders because of market volatility .
Moreover, the income from Aquis Applied sciences jumped considerably from £0.6 million to £1.1 million. Although the division didn’t full any initiatives within the interval, it added one new contract. Furthermore, it generated £1.4 million by promoting alternate knowledge to non-member market members.
The corporate continues to put money into cloud know-how for its long-term progress and can be enhancing its software program licensing actions for constructing a world presence.
“Whereas we anticipate the prevailing financial uncertainty will proceed to impression market members within the quick to medium time period, we’ve got demonstrated we’ve got the fitting mannequin, crew, know-how and imaginative and prescient to ship shareholder worth and look to the longer term with confidence,” the CEO added.
Earlier this month, Aquis launched a darkish buying and selling venue for members within the European Union.
