Although CMC Markets has expressed positive comments around the trading update figures, it still shows negative growth compared to the 2021 figures. The operating income for the company was £409.8 million for the 2021 financial year. This was a 63% increase from the 2020 financial year, which had an operating income of £252 million. If the company were to post an operating income of £330 million for 2022, it would decrease almost 20%. However, it would still be an increase from the 2020 figures.
The profit before tax for CMC Markets was £224 million for the 2021 financial year. A fall in revenue would cause the profit level to fall significantly. With the increased operating costs and a fall in revenue, it could see the profit before tax fall to a level similar to 2020, which was £98.7 million.
This is something that could impact shareholders. In 2020 the company paid out an ordinary dividend of £0.15 per share. For 2021 this was increased to £0.30.6 per share. If revenues decrease as predicted and expenses continue to rise, this could see the 2022 dividend fall back down to 2020 levels.
CMC Markets recently expanded its range of products with the launch of signature share baskets, designed to highlight company shares which exhibiting similar price behaviour, with good performance and momentum.
