ITI Capital Sees A 69% Yearly Surge in 2020 Revenue

ITI Capital, an international investment company with headquarters in London, has published its yearly financials for 2020, ending on December 31. The broker reported a 69 percent year-over-year jump in its revenue for 2020.

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According to the figures, the company’s revenue for the year came in at £5.83 million, compared to the previous year’s £3.46 million. The yearly surge in the revenue also helped the company to narrow down its operations and overall losses. 

It ended the year with a pre-tax loss of £2.4 million, while this figure was at £2.91 million in the previous year. After taking the interest income and expenses, ITI’s losses dropped down to almost £2.11 million, compared to the previous year’s £2.85 million.

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ITI offers brokerage services to both institutional and retail clients. It mentioned that the brokerage market continue to be highly competitive and the revenue margins and fees have remained under pressure because of this competition.

“The board remains optimistic that despite a loss incurred during 2020, the investment that has now been made in improving the business operating infrastructure combined with the recruitment of key new personal, that these initiatives will set the foundations of a more profitable and dynamic business in the future,”the broker stated.