The NAGA Group AG Posts Record Revenues in Half-year Report

The NAGA GROUP AG, an innovative fintech company that has developed a socially enhanced financial system, has released its half-year results as of 30 June 2020, showing solid growth across many metrics.

The provider of the social network for financial market trading NAGA.com revealed a total output of EUR 12.08 million, increased EUR 10 million from the previous year.

NAGA also reported an EBITDA of EUR 3.87 million (previous year EUR 4.58 million).

The first half of 2020 was the strongest in the company's history, NAGA marked its turnaround compared to the previous year.

Further, the liquidity of the FinTech company has also improved significantly. The liquid funds increased substantially, despite investments in growth, and amounted to around EUR 4.2 million on June 30, 2020, without including the proceeds from the capital increase completed in July 2020.

“As published in our previous announcements, NAGA has developed extremely well operationally and financially. The platform has improved a lot, our global growth strategy is working, and user activity is growing strongly every quarter. We are pleased that we can slowly show the potential of our model. NAGA is one of the few FinTech companies in Germany that operates profitably and can show growth of more than 500% compared to the previous year", comments Benjamin Bilski, CEO of the NAGA GROUP.