Japanese broking giant GMO Click Holdings has reported its preliminary operating revenues for December 2016, revealing a weaker performance compared with last month’s robust figures. from some of the lackluster numbers in recent months but the brokerage was unable to end the year on a high.
Financial Metrics
As per GMO Click’s statement, December operating revenues declined to $17.7 million (¥1.96 billion) compared with last month’s $24.71 million (¥2.85 billion), representing a decrease of -31.2 percent MoM.
When compared with the same period last year in which the operating revenue recorded was $21.9 million (¥2.5 billion), a decline was also evident, reflecting a fall of -22.3 percent.
The last few months of the 2016 calendar year generally saw dwindling trading volumes, and although GMO Click’s November trading volumes experienced a healthy uptick, the latest figures have revealed a downward turn amid a turbulent year across the globe economically and politically, which has impacted on the markets.
Trading Volumes
Earlier this month, GMO Click released its, which came in at ¥109.8 trillion, down -17.2 percent from ¥132.6 trillion in November 2016 which are reflected in today’s lower operating revenues.
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