AETOS Capital Group UK Limited (AETOS UK), the wholly-owned subsidiary of Australian broker , has published its annual report and financial statements for the year ended March 31, 2019.
After from a weak financial performance in the previous year, AETOS UK has still managed to report a decent turnover in its 2019 fiscal year, despite a challenging environment in the European Union (EU) following the product intervention measures implemented by the (ESMA).
According to the report, the UK-based subsidiary outlines its key performance indicators as turnover and administrative expenses. In 2019, the broker reported a turnover of £2.09 million.
When measuring this against the turnover achieved in the 2018 fiscal year, which was £2.13 million, 2019’s result has fallen slightly by 2.16 per cent year-over-year. Nonetheless, it is still a solid figure when considering the challenging regulatory environment in Europe.
Administrative expenses, on the other hand, increased on a year-on-year comparison, climbing from £1.53 million in the 2018 fiscal year by 25.3 per cent to reach £1.64 million in 2019.
AETOS UK maintains a positive outlook
In the report, AETOS UK states that during the 2019 fiscal year, the firm was able to increase its client base following the upgrading of its (FCA) licence, and remains confident of improved results in subsequent years, a statement which it also made in its 2018 fiscal report.
In the 12 months ended March 31, 2019, the UK broker noted an operating loss of £10,483 which is lower than the operating profit of £14,740 the company recorded in fiscal 2018.
Overall, profit for the financial year came in at £10,563. Weighing this against the previous fiscal year, which achieved a profit of £19,495, it has fallen by 45.82 per cent.
Finance Magnates reached out to AETOS for comment on the results. As of the time of publishing, we have not received a response.
Be First to Comment