Hantec Markets, the London-based FCA regulated forex and CFD broker, has reported its financial statement for the fiscal year ended June 30, 2015, showing significant improvement in the business.
Hantec Markets is a joint venture between Hong Kong based multinational finance house Hantec Group, and management led by Bashir Nurmohamed (CEO, ex ODL) and Hayel Abu-Hamdan (COO, ex MIG Bank).
Some of the highlights at Hantec from fiscal 2015:
- Revenues rose 24% to hit £3.34 million ($5.1 million)
- Profits rose several-fold to £124,000
- Client assets held at Hantec grew 23% during the 12 month period to £10.4 million ($16 million) by June 30.
Subsequent to year-end, Hantec’s shareholders injected a further £1 million ($1.5 million) of capital into the firm. The new investment is meant to assist Hantec in improving its technical infrastructure, as well as increasing Hantec Markets’ brand awareness, part of the management’s strategic global expansion plan being put into place.
Hantec also provided a fairly rosy outlook looking forward, stating that business continues to grow both in the UK and overseas. We believe that the company has had some good results with both UK clients, and those from the far east looking to trade with a UK-based, FCA-regulated broker.