The Switzerland-based parent company of Japanese foreign exchange (forex) broker Gaitame, (CFT), has published its financial results for the first half of 2019 this Friday.
During the first six months of 2019, CFT reported an uptick in activity, with consolidated revenue coming in at CHF 474.3 million ($478.7 million). This is higher by 3.1 per cent from the CHF 459.8 million in revenue reported in the first half of 2018.
At current exchange rates, revenue for the first half of 2019 increased by 3.2 per cent year on year. In the second quarter of 2019, the Swiss-headquartered firm reported consolidated revenue of CHF 234.1 million. This is higher by 2.9 per cent year-on-year.
As , the Swiss firm reported consolidated revenue of CHF 240.4 million in the first quarter of this year. In constant currencies, this was higher than the consolidated revenue of CHF 229.6 million reported in the same period of 2018 by 3.3 per cent.
In H1 of 2019, the Group’s consolidated adjusted revenue was CHF 520.5 million. This represents a growth of 3.4 per cent at constant exchange rates from the CHF 502.7 million adjusted revenue reported in H1 of 2018.
Gaitame revenue increases YoY in Q2 and H1
Taking a look at the Group’s in Japan, Gaitame, adjusted revenue was higher by 11.3 per cent. The statement does not give the exact figure for revenues.
In the first quarter of this year, the broker noted a year-on-year growth of 15.5 per cent for the retail broker. This growth was less than 27.8 per cent annual growth achieved in the final quarter of 2018.
Taking a look at the second quarter of 2019, Gaitame’s consolidated adjusted revenue increased by 6.9 per cent year-on-year. The firm’s interdealer broking business noted a 3 per cent increase.
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