Axis UK Subsidiary Sees 46% Jump in FY21 Client Revenue

Axis UK Subsidiary Sees 46% Jump in FY21 Client Revenue

It ended the fiscal with a net profit of £1.9 million.

AxiCorp Limited, the London-based subsidiary of Aussie FX brand Axi, has published its financials for the fiscal year 2021, ending on June 30, reporting a solid jump in key metrics for business generated in the United Kingdom.

The turnover generated from UK clients jumped by almost 130 percent in a year: it came in at £10.8 million in the last fiscal year compared to £4.78 million in the previous year. After considering sales costs and administrative expenses, the broker turned an operating profit of £1.5 million, which is 347 percent higher than the fiscal year 2020.

Finally, the total comprehensive income of the broker for the year came in at nearly £1.9 million, increasing from £259,174 generated in the previous fiscal year.

Ready more: Axis UK Subsidiary Sees 46% Jump in FY21 Client Revenue

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