Trade Nation UK (Formerly Finsa Europe Ltd) Posts 43% Decline in Turnover in FY2021

Fazzaco learned that FCA-regulated CFDs and spread betting broker Trade Nation Financial UK Ltd, formerly known as Finsa Europe Ltd, has released its financial results for the year ended 30 November 2021, showing a significant decrease in turnover on a YoY basis.

More specifically, the broker registered a turnover of £9,905,000, 43% lower than the prior year's £17,386,000. Operating loss for the year came in at £427,000, while operating profit for 2020 was £7,857,000, revealing a 105% yoy decrease. Loss after tax for fiscal 2021 stood at £297,000, while profit after tax for the previous year reached £6,223,000. 

Moreover, Trade Nation UK posted a gross profit of £9,496,240. This number for 2020 was £16,900,150. Administrative expenses rose from 2020's £9,042,765 to £9,923,195.