ATFX UK’s Revenue Declines 3% in 2021, Gross Profit Jumps Sharply

AT Global Markets UK Limited, known as ATFX UK, the subsidiary of retail forex broker ATFX, has release its financial results for the year ended 31 October 2021. Despite the ongoing pandemic situation, 2021 has been a good year for the company.

Specifically, the company's turnover of the fiscal year reached £2.94 million, a decline of 3 percent from last year's £3.02 million. However, the company achieved a net profit of £225,000 in 2021, versus a loss of £766,000 in 2020.

In 2021, ATFX UK saw its administrative expenses decreased sharply to £2.23 million, compared to £3.2 million in the previous year. In addition, the cost of sales in the latest financial year reached £487,705, compared to £600,158 in the previous year.

In 2020, the broker recorded a loss of £766,416, compared to the prior year's £383,661. 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.