ATFX UK Reports 35% YoY Increase in Revenue in 2020
Source: Fanny
Fazzaco learned that London-based foreign exchange broker ATFX UK, the subsidiary of retail forex broker ATFX, has reported its financial figures for the fiscal year of 2020, ending on October 31, 2020.
More specifically, the broker recorded a loss of £766,416, compared to the prior year's £383,661.
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The company issued £4,650,000 of shares during the year. Net assets stood at £6,336,206, which included £5,775,948 of cash balances. That number for 2019 was £2,452,622, showing a YoY increase of 158%.
Revenue came in at £3,021,618, up 35% than a year earlier(2019 £2,232,160). In addition, the broker posted a gross profit of £2,421,460, compared with 1,678,290 in 2019.
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