SmartTrade Technologies UK Sees Decline in Revenue in FY2021

Fazzaco learned that SmartTrade Technologies UK Limited, the British branch of the multi-asset electronic trading solutions pioneer, has posted its financial results for the fiscal year 2021, ending on March 21.

More specifically, the company reported a revenue of £13.16 million. This represents a decline compared to the prior year’s £14.7 million. Gross profit for the year stood at £3.78 million.

Operating profit reached £2.63 million, up 3% on a YoY basis. Moreover, net profit rose from 2020's £2.06 million to £2.13 million. According to the company, the jump in profits was primarily due to higher margins, lower salaries and depreciation.

“This year’s activity has been satisfying despite the Covid-19 pandemic,” the company stated. “New customers were added, and we ensured the continuity of our services. Profitability was maintained in a difficult context. We expect in the future to continue in the path of growth.”