Provider of online trading services Monex Group, Inc. (TYO:8698) has earlier today posted its preliminary financial results for January 2016, with revenues marking a little change from December 2015 levels, but the company managing to post a substantial drop in expenses.
Monex reported monthly operating revenues of JPY 4.38 billion ($38.7 million) for January 2016. The result is 0.23% higher than in December 2015, when the operating revenues totalled JPY 4.37 billion. In annual terms, the January 2016 result is down 3.3%.
Financial expenses amounted to JPY 361 million, down 12.4% from the level of JPY 412 million reported in December 2015.
The revenues after deducting financial expenses reached JPY 4.02 billion in January 2016, up 1.5% from the preceding month.
You can view the full report from Monex by clicking here.