Capital Index (UK)'s Revenues Continue Suffering in 2022
Source: Chloe
Fazzaco learned that Capital Index (UK) Limited, a London-based online brokerage specialising in CFDs, financial spread betting and spread trading, experienced continued decline across key financial metrics in 2022, with revenues during this period down 14 percent.
The annual revenues fell from 2021's £1.71 million to £1.46 million. Whereas, the figure for 2021 went down 30 percent over 2020.
Gross profit for the year came in at £1.15 million, deceasing slightly from the prior year's £1.21 million. Loss, however, dropped slightly from the previous year's £239,000 to £202,000. Operating loss also narrowed to £211,000 from £287,000.
At the year end, the broker held client money of £3.6 million, 35% lower over 2021's £5.5 million.
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