Money Partners Group’s consolidated income drops in Q1-Q3 FY 2017

Money Partners Group’s consolidated income drops in Q1-Q3 FY 2017

- in All News, Featured News, Forex Brokers
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Japanese forex brokerage Money Partners Group (TYO:8732) reported on Monday a consolidated ordinary income of JPY 961 million for April-December 2016, or the first nine months of the current fiscal year. The figure represents an annual drop of 16.8%.

For the nine months, ended 31 December, the group’s operating income decreased 14.3% on the year to JPY 950 million, while its comprehensive income stood at JPY 635 million, or down by an annual 13.9%.

Money Partners Group generated a consolidated operating revenue of JPY 4.7 billion in the period under review. Its consolidated net operating revenue was JPY 4.4 billion. If compared to the same nine months a year earlier, the figures represent a slight increase of 4.8% and 2%, respectively.

Money Partners Group Q1-Q3 FY 2017

The broker’s consolidated assets exceeded JPY 81.9 billion at the end of December, posting an increase from nearly JPY 78.8 billion at end-March, or the end of the last closed financial year.

It seems Money Partners Group performed better than most of its competitors, as they reported deteriorated. Rakuten Securities generated a consolidated net operating revenue of JPY 33.1 billion for the nine months, ended 31 December, which is 12.4% down on the year. GMO Click Holdings also reported an annual drop of 7.5% in consolidated operating revenue to JPY 20.6 billion for the same period.

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.

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