CMC Markets Predicts Net Operating Income of Over £330M for FY 2022

Fazzaco learned that UK online broker CMC Markets Plc has issued a brief Trading Update for the period from 1 April 2021 to 30 June 2021 (Q1 2022).

According to the Trading Update, overall monthly active client numbers remained at similar levels when compared to 2021. In addition, client income retention remained in excess of 80%, but below the levels reported for FY 2021.

The Group continues to have confidence in the robust underlying performance of the business and in conjunction with further progress on its strategic initiatives. As a result, CMC Markets says its Board remains confident in achieving net operating income in excess of £330 million for FY 2022.

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Lord Cruddas, Chief Executive Officer, commented: "I'm pleased with our start to this financial year following a record FY 2021. The team is focused on continuing to provide an excellent service to our clients, both in terms of uptime and providing an innovative, market-leading platform."

"I remain confident in the outlook for CMC as we continue to make progress with our strategic initiatives as set out in our recent full year results and I look forward to updating the market further on these at our half year results later this year," added Cruddas.