CMC Markets Swings to Pretax Profit on Higher Net Operating Income

Dow Jones11-21

By Anthony O. Goriainoff

CMC Markets said it swung to a pretax profit for the fiscal first half as net operating income rose, and backed its guidance for the year.

The London-listed online trading platform said Thursday that for the six months ended Sept. 30, pretax profit was 45.6 million pounds ($57.7 million) compared with a 2 million pounds pretax loss the year before.

Net operating income--one of the company's key metrics, which represents revenue without counting partner commissions and levies--rose 45% to 177.4 million pounds. The company said this reflected continued growth across the institutional segment and an increase in client trading activity.

Revenue rose to 164.8 million pounds from 119.7 million pounds.

The company said net operating income for the year is expected to be in line with market expectations. For the year ending March 31, 2025, consensus stands at 332.9 million pounds. The company reported net operating income of 332.8 million pounds for fiscal 2024.

The board proposed an interim dividend of 3.10 pence a share, up from 1.00 pence the year prior.

"We remain focused on profit margins, taking a disciplined and balanced approach to investment whilst continuing to drive efficiencies across the business," the company said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

November 21, 2024 02:28 ET (07:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Goriainoff \n</p>\n<pre>\n \n</pre>\n<p>\n  CMC Markets said it swung to a pretax profit for the fiscal first half as net operating income rose, and backed its guidance for the year. \n</p>\n<p>\n  The London-listed online trading platform said Thursday that for the six months ended Sept. 30, pretax profit was 45.6 million pounds ($57.7 million) compared with a 2 million pounds pretax loss the year before. \n</p>\n<p>\n  Net operating income--one of the company's key metrics, which represents revenue without counting partner commissions and levies--rose 45% to 177.4 million pounds. The company said this reflected continued growth across the institutional segment and an increase in client trading activity. \n</p>\n<p>\n  Revenue rose to 164.8 million pounds from 119.7 million pounds. \n</p>\n<p>\n  The company said net operating income for the year is expected to be in line with market expectations. For the year ending March 31, 2025, consensus stands at 332.9 million pounds. 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Goriainoff \n\n\n \n\n\n  CMC Markets said it swung to a pretax profit for the fiscal first half as net operating income rose, and backed its guidance for the year. \n\n\n  The London-listed ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CMC","symbol_name":"美国工商五金公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485372904","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485372904","pubTimestamp":1732174080,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"CMC Markets said it swung to a pretax profit for the fiscal first half as net operating income rose, and backed its guidance for the year.The London-listed online trading platform said Thursday that for the six months ended Sept. 30, pretax profit was 45.6 million pounds  compared with a 2 million pounds pretax loss the year before.Net operating income--one of the company's key metrics, which represents revenue without counting partner commissions and levies--rose 45% to 177.4 million pounds. 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Goriainoff \n\n\n \n\n\n  CMC Markets said it swung to a pretax profit for the fiscal first half as net operating income rose, and backed its guidance for the year. \n\n\n  The London-listed online trading platform said Thursday that for the six months ended Sept. 30, pretax profit was 45.6 million pounds ($57.7 million) compared with a 2 million pounds pretax loss the year before. \n\n\n  Net operating income--one of the company's key metrics, which represents revenue without counting partner commissions and levies--rose 45% to 177.4 million pounds. The company said this reflected continued growth across the institutional segment and an increase in client trading activity. \n\n\n  Revenue rose to 164.8 million pounds from 119.7 million pounds. \n\n\n  The company said net operating income for the year is expected to be in line with market expectations. For the year ending March 31, 2025, consensus stands at 332.9 million pounds. 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