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

Also, visit and follow WikiFX Philippines Facebook Page for more updates.

Comments

Post a Comment

Popular posts from this blog

Becoming Successfull as a Forex Market Trader in the Philippines

Image
Forex Trading Philipines  is Now Showing Filipinos How to Become Rich The Forex market buying and selling may be your street to economic freedom and the lifestyle you’ve been chasing. For as low as some hours each day, you may construct your profession as a success Filipino the Forex market dealer is certainly considered one among the biggest markets withinside the global. What’s the Forex market? And how do I emerge as a Forex market dealer? Opening in Asia on Monday morning and remaining Friday New York time, Forex operates throughout more than one time zones, basically open for the discerning dealer 24/7. As there may be no regulating authority, the Forex market trades do now no longer need to undergo the buying and selling ground and can, therefore, facilitate a lot faster, time-touchy investments giving investors extra flexibility. By speculating at the upward push and fall of foreign money fees while quoted in pairs, as a Forex market dealer, your goal is to shop for underva...
Read more

How does Forex work, why is it so popular?

Forex (FX) trading is arguably one of the most popular forms of trading amongst investors, with a daily average trading volume of around $5 trillion. In its simplest form, forex trading is the trading of one currency against another, known as currency pairs. This form of trading supports the conversion of any national currency into another, which means that as a result, it is one of the most active trading marketing in the world. This is just one of the many reasons for its popularity. To get the latest news about eToroPhilippines Review visits wikifx.com official website. This guide aims to provide you with more information on forex trading and the elements which make it one of the top markets for investment. Liquid Market                A liquid market a one with many available buyers and sellers and comparatively low transaction costs. The details of what makes a market liquid may vary depending on the asset being exchanged. In a ...
Read more