Tickmill Group Reports Strong Financial Performance In 9 Months of 2019
The Tickmill Group once smashes expectations by surpassing previous financial records - posting growth in all key financial metrics!
The unaudited consolidated net profit for the first 9 months of 2019 came in at $29.46 million and the Company is projecting to reach $35 million net profit for the calendar year, in comparison to 2018’s consolidated net profit, at $19.67 million. Tickmill Group attributes its strong profitability figures to organic growth in key markets, cost optimization and investment into new technology, achieving increased efficiency through automation.
Moving on to our trading volume, Tickmill clocked up $1.09 trillion in the first 9 months of 2019, up 13.1% on last year’s result of $967 billion in the same period. These results are even more impressive when you consider the low volatility felt throughout the FX market over the course of 2019. Despite this low volatility, Tickmill projects reaching $1.45 – $1.50 trillion in 2019, surpassing the $1.37 trillion reached in 2018.
Execution numbers spin the same story, with the average number of trades executed on a monthly basis coming in at 6.74 million trades (Jan to Sep 2019), making a 9.9% (YoY) increase from last year’s average of 6.13 million over the same period in 2018.
