The web revenue of Compagnie Financière Custom (SWX: CFT), an inter-dealer dealer and operator of a Japanese retail foreign currency trading platform, for the primary six months of 2024 reached CHF 60 million, a year-over-year enhance of 17.6 % on the present trade fee and 24.5 % on the fixed trade fee.
The corporate’s consolidated income for the six months was CHF 537.1 million, reflecting a yearly enhance of 4.6 % and 9.2 %, respectively, on present and fixed trade charges. It generated CHF 271.5 million within the second quarter of the yr, whereas CHF 265.6 million got here in from the primary three months.
“Compagnie Financière Custom continued to develop at a stable tempo all through the primary half, sustaining the momentum of final yr,” the official announcement right this moment (Friday) added. “Exercise ranges had been up in all areas and throughout most asset courses through the interval, largely pushed by the Group’s natural development coverage.”
H1 2024 financials of Compagnie Financière Custom
Each Companies Acquired a Enhance
The mixed income from its joint ventures was CHF 577 million, in comparison with CHF 552.4 million within the corresponding quarter of the earlier yr. Income from the inter-dealer broking (IDB) enterprise jumped 9.4 % at fixed trade charges to CHF 560.3 million, whereas the web foreign currency trading enterprise for retail buyers in Japan (non-IDB) introduced in CHF 16.7 million, which is 4.9 % larger.
Moreover, the group’s recognised web monetary revenue for the six months was CHF 1.7 million, in comparison with a web expense of CHF 4.5 million within the earlier yr. It additionally generated a web CHF 2.6 million from curiosity revenue, which was considerably larger in comparison with 2023. Moreover, its web overseas positive factors and losses from foreign exchange fluctuations marginally impacted the most recent figures, which incurred a lack of CHF 3.9 million the earlier yr.
As for the outlook, the Group expects its third-quarter outcomes to be in step with the primary half of the yr.
“Compagnie Financière Custom intends to pursue its development technique, primarily natural, in addition to its investments in its brokerage exercise with the intention to speed up its digitalisation throughout all its operations in addition to in its knowledge and analytics actions with the help of its developed knowledge science experience,” the official announcement added.
The web revenue of Compagnie Financière Custom (SWX: CFT), an inter-dealer dealer and operator of a Japanese retail foreign currency trading platform, for the primary six months of 2024 reached CHF 60 million, a year-over-year enhance of 17.6 % on the present trade fee and 24.5 % on the fixed trade fee.
The corporate’s consolidated income for the six months was CHF 537.1 million, reflecting a yearly enhance of 4.6 % and 9.2 %, respectively, on present and fixed trade charges. It generated CHF 271.5 million within the second quarter of the yr, whereas CHF 265.6 million got here in from the primary three months.
“Compagnie Financière Custom continued to develop at a stable tempo all through the primary half, sustaining the momentum of final yr,” the official announcement right this moment (Friday) added. “Exercise ranges had been up in all areas and throughout most asset courses through the interval, largely pushed by the Group’s natural development coverage.”
H1 2024 financials of Compagnie Financière Custom
Each Companies Acquired a Enhance
The mixed income from its joint ventures was CHF 577 million, in comparison with CHF 552.4 million within the corresponding quarter of the earlier yr. Income from the inter-dealer broking (IDB) enterprise jumped 9.4 % at fixed trade charges to CHF 560.3 million, whereas the web foreign currency trading enterprise for retail buyers in Japan (non-IDB) introduced in CHF 16.7 million, which is 4.9 % larger.
Moreover, the group’s recognised web monetary revenue for the six months was CHF 1.7 million, in comparison with a web expense of CHF 4.5 million within the earlier yr. It additionally generated a web CHF 2.6 million from curiosity revenue, which was considerably larger in comparison with 2023. Moreover, its web overseas positive factors and losses from foreign exchange fluctuations marginally impacted the most recent figures, which incurred a lack of CHF 3.9 million the earlier yr.
As for the outlook, the Group expects its third-quarter outcomes to be in step with the primary half of the yr.
“Compagnie Financière Custom intends to pursue its development technique, primarily natural, in addition to its investments in its brokerage exercise with the intention to speed up its digitalisation throughout all its operations in addition to in its knowledge and analytics actions with the help of its developed knowledge science experience,” the official announcement added.
