Money Partners Group operating revenue grows 14.5% in FY 2016

Money Partners Group operating revenue grows 14.5% in FY 2016


The largest US forex broker

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Japanese forex brokerage Money Partners Group (TYO:8732)  reported its preliminary consolidated operating revenue jumped 14.5% over the year to nearly JPY 6.1 billion in the fiscal year, ended 31 March, 2016. Its operating income exceeded JPY 1.5 billion in the said period, posting an increase of 27.9% from the previous year.

Earlier this month, the group presented consolidated monthly operating revenue of JPY 528 million in March, 2016, which was corrected to JPY 529 million in the latest financial report. It said at the time the quarterly operating revenue for January-March was JPY 1.7 billion, or higher than any of the quarters in 2015.

Meanwhile, earlier on Tuesday other Japanese forex brokerages, Monex Group and Rakuten Securities, also reported their financial results for the year, ended 31 March. Monex Group said its consolidated operating revenue went up 6.3% to JPY 54.2 billion in the fiscal year, while Rakuten Securities had a consolidated operating revenue of JPY 55 billion in the period under review, or up 20.4% from the previous fiscal year. Meanwhile, GMO Click, also a Japanese forex brokerage group, saw its operating revenue rising JPY 29.02 billion in the fiscal year, ended 31 March, when its profit was close to JPY 6.5 billion.

Tokyo-based Money Partners Group is a holding company which is comprised of forex and contracts for difference (CFDs) broker Money Partners and financial system development company Money Partners Solutions. It serves both retail and institutional clients.

Source: Money Partners Group

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