Plus500 falls after “exceptional” first-half results
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Online contracts-f0r-difference specialist Plus500 (LON:PLUS) increased its first half revenues by 147% to $465.5 million as the number of active customers more than doubled over the period. Management said that these results were exceptional, but that trading during the third quarter was in line with expectations.
CEO Asim Esimelech commented: “We have had a very successful first half with two major milestones; another record set of first half results including an exceptional first quarter performance and completion of our move up to the Main Market. The strong financial performance has enabled us to declare a very significant increase in shareholders returns by declaring a generous interim dividend.
“We have also made strong progress with our international diversification, within and outside the EEA, driven by our strong brand and new licences – Plus500 is now the biggest CFD Broker in the UK, Germany, Spain and Australia according to Investment Trends, we grew our Active Customers in Australia fivefold and started operating in Singapore”.
Shares in the company dropped 8.77% to 1,831.96p (as of 11:30 BST).
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