NAGA Group Sees Record Monthly Profitability in April, Records a Strong Start in 2022

NAGA, provider of the social network for financial market trading NAGA.com, announced that it has releases a preliminary trading update for April and reports its strongest monthly profitability to date.

In April, NAGA's preliminary brokerage revenue amounted to EUR 7 million, while preliminary EBITDA stood at EUR 3.6 million. To date, more than 2.7 million transactions have been generated while the active customer base and sign-ups continue to grow strongly.

"Already in the first four months of the current year 2022 we managed to exceed the revenue of the first half of 2021,"Benjamin Bilski, founder and CEO of NAGA said."At the start of the second quarter, we saw a solid comeback in trading activity. Our focus remains on increasing our growth activities to counteract any negative market trends. We are in line with our projections. Our confidence in the company is stronger than ever in these challenging times."

"This year we are experiencing very challenging market conditions and profitability in particular is an important factor that investors are looking for in 2022. At NAGA this is absolutely the case, we have generated positive cash flow as we have continued to successfully grow our business,"concluded Bilski.