Pepperstone UK Sees FY23 Profit Surge to £10M
Source: Chloe
Pepperstone Limited, the London unit of the Australia-based Forex and CFD broker Pepperstone, delivered £10.0 million for the fiscal year ended on 30 June 2023 (FY23), jumping from £3.8 million in FY22.
The entity generated gross profit of £11.9 million for the fiscal year, compared to £9.2 million in the previous year.
Besides, trading revenue at the year end came in at £13.9 million, representing an increase of about 30 percent. Operating profit before income tax grew from FY22's £4.6 million to £12.6 million.
The total expense of the UK subsidiary during the period stood at £9.8 million, compared to £4.9 million in the prior year.
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