Zenfinex Reports 1,281% YoY Increase in Revenue in FY21

Fazzaco learned that Zenfinex, a UK-based foreign exchange and CDF broker, has released its financial results for FY21, which ends in December 2021. 

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More specifically, the broker's revenue for the year came in at £238,756, up 1,281 percent compared to the prior year's £17,281. The administrative costs to the broker shot up to more than £2 million from the previous year's £514,198, which resulted in a loss of £1.7 million. This number for FY2020 was £496,197. 

Moreover, Zenfinex issued 2,917,630 ordinary shares in FY21, compared with the prior year's 414,475.

Please note that, these numbers were reported for 13 months as the broker changed its financial reporting period to match the calendar year.