Monex Group, Inc. (TYO:8698), the Japan-based group of retail Forex brokers, earlier today reported unaudited financial metrics for May 2015, with the month bringing lower financial expenses but also weaker revenues for the group. The data broadly reflected the operating metrics Monex reported for May 2015, with global Forex volumes down 3.4% from April.
Let’s take a look at the data for last month.
Operating revenues for May 2015 totaled JPY 4.45 billion (USD 36.14 million), a result which is 6.3% lower than the JPY 4.75 billion in operating revenues registered in April 2015. The result seen in April was not impressive either, marking a 7% drop from March 2015 levels.
On an annual basis, the comparison was better, with operating revenues in May 2015 exceeding by 31.3% the result recorded in May 2014.
Financial expenses, unfortunately, were also down in monthly terms and were markedly up in annual terms. In May 2015, Monex saw financial expenses of JPY 382 million, down 16% from April 2015, but up massive 42% from May 2014 levels.
Operating revenues net of financial expenses amounted to JPY 4.07 billion, down 5.4% from the result recorded in April 2015.
To view the official announcement by Monex on its financial metrics for May 2015, click here.