Despite seeing a rise in revenue of 24%, expenses have only increased by 9%. It means that a large portion of the revenue increase can go towards profits. Expenses sat at HK$2 billion for the first half of 2020 and only increased to HK$2.2 billion for the first half of 2021. This helped to create…
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The figures for the first three quarters of the year are slightly different, although they still show an increase in profits for the company. Total revenue for 2020 was at $39.854 billion, with 2021 revenues decreasing by 23% to $30.687 billion. Despite the fall in revenue, expense figures were improved over this period. StoneX decreased…
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Despite this significant increase in expenses, it is something that XTX Markets expected. As it moved across IP ownership and staff contracts to XTX Markets, this led to the expense increases. XTX Markets also made it clear in its financial statement that it had no contributions to political parties and, as such, had no political…
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However, the defendants did not take into account the volatility of the crypto world. As the digital assets that purchased the initial tokens did not offer guarantees to pay out the promised interest rate, it caused an issue with company operation. Instead of making customers aware of this issue, Mr. Acree and Mr. Keough decided…
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This provides an EBITDA margin of 49.4% for H1 2021, which is an improvement on the H1 2020 figure of 46.5%. Despite a constant currency variance increase in operating expenses, the more significant increase in revenue and income means the EBITDA has shown an improvement for the 2021 first half of the year. Expenses are…
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The increase in revenue hasn’t equated to a rise in profits, though. This is due to the SGX increasing its operating expenses. Expenses have increased by around 8%, taking them from $397 million in 2020 to $430.7 million in 2021. This has caused the EBITDA to fall by 5% and the operating profit to fall…
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However, in terms of percentage growth there was a slight change in the top 3 metrics. Interest rates saw a 96% growth, options saw a 55% and energy - a 23%. Individual futures within the interest rates saw large increases which helped to create the overall high increase in ADV. SOFR futures specifically jumped 221%.…
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The acquisition is all part of the growth strategy that Checkin.com has in place. By acquiring companies that can enhance its service or work in tandem with the service, it hopes to improve the quality of what it offers to customers. This is an attempt to increase revenue and hopefully increase the size of its…
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As well as taking on the new role as SWIFT CTO, McGuire will also continue to hold posts with other institutions. These are mainly linked to the realm of cybersecurity. She comes with a high level of prestige as her previous role was as the Group Chief Information Security Officer at Standard Chartered Bank. Perhaps…
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This means the pre-tax profit for the first half of 2021 has already eclipsed what HSBC brought in for the whole of 2020. With total pre-tax profit of $8.777 billion for 2020, HSBC feels that it is in a promising position moving towards the second half of 2021. The Group Chief Executive of HSBC, Noel…
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