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The Japanese broker in foreign currency (forex) Gaitame.com had a strong fourth quarter of 2018. This Friday morning, its parent company, Compagnie Financière Tradition (CFT), announced its fourth quarter and full year 2018 results. for a group and subsidiary level.
In the fourth quarter of last year, CFT announced that its adjusted revenue from the Japanese subsidiary Gaitame.com of its non-IDB business had increased by 27.8% over one year.
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This figure, while still impressive, accounts for nearly half of Gaitame.com's revenue growth in the third quarter of 2018. Financial magnates reported, in the third quarter of 2018, the unit's business figure increased by 58% over the same period in 2017.
The increase in adjusted revenues also occurred despite the fact that the forex broker reported overall stagnant trading volumes in the last three months of 2018. Financial magnates covered, November and December reported a decline in customer activity.
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In reviewing the results at the group level, CFT recorded a turnover of CHF 220.7 million (same value in USD) during the fourth quarter of last year. This figure increased by 10.9% at constant exchange rates compared to the fourth quarter of 2017, which had a consolidated turnover of CHF 201.7 million.
For the same period, the Group's consolidated adjusted revenue increased by 11.4% at constant exchange rates compared to the same period last year. 219.8 million francs in the fourth quarter of 2017 CHF 241.9 million in the fourth quarter of 2018. IDB revenues also increased by 10.9% compared to the same quarter of the previous year.
Gaitame.com revenue for 2018 increased by more than 30%
Taking a step back to review the annual results, the adjusted business figure of its forex trading business for small investors in Japan, Gaitame.com, has again achieved a year-on-year increase. l & # 39; other. For 2018, this increase was 31.9%.
For the IDB, adjusted revenues increased by 9.7% at constant exchange rates. For CFT as a whole, the consolidated turnover for the year is CHF 884.7 million. At constant exchange rates, this represents an increase of 9.5% compared to CHF 802.5 million in 2017.
The Group's consolidated sales for the full year of 2018 also increased by 10.4% from 873.5 million francs in 2017 to 971.7 million francs last year.
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