Advanced Markets UK Posts Slight Increase in 2021 Profit
Source: Fanny
Advanced Markets (UK) Limited, the British subsidiary of the wider Advanced Markets Group, has released its annual financial statement for the year ended on 31 December, 2021, indicating a slight jump in profit.
More specifically, the UK-based broker reported a gross profit of $1,296,600, 12.9% percent higher than the prior year's $1,148,386. Operating profit for the year came in at $29,900. By contrast, operating loss for 2020 totaled $136,487.
Moreover, Advanced Markets UK's profit before tax stood at $10,330, while loss before tax for 2020 reached $111,367. Administrative expenses rose from the previous year's $1,284,873 to $1,316,550.
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