Forex Broker GMI UK Registers 37.2% Decline in Revenue for 2023

The UK entity of Global Market Index Limited (GMI), a regulated and award-winning global Forex and CFD broker, experienced a decrease in revenues during the year of 2023 ended December 31, 2023, with the figure at £616,570, compared to £981,141 in 2022.

Administrative expenses in 2023 were up from the prior year's £506,199 to £632,317. The company incurred an operating loss of £15,747 in the year, while it generated profit of £474,942 in the previous year.

Profit before tax in 2023 came in at £29,528, falling significantly from 2022's £476,740. Profit for the financial year was £23,676, plummeting 93.9%. GMI UK held net assets of £1.36 million at the year end, compared to £2.33 million at 2022 end.