CFD trading platform Plus500 announced its interim results for the first half of the financial year 2020 with significant growth. The company also launched a new share buyback program that will run until 28 February 2021.
In the heightened volatility and unprecedented market conditions, the Israel-based broker reported a really high performance for the first half ended on 30 June. Plus500 reported $564.2 million in revenue, a whopping 281.2% growth compared to 148.0 for the first half of last year.
EBITA also registered a significant increase of 451.5% YoY to $361.8 million. Earnings per share was up 562% to $2.98.
The customer income also reached record levels at $556.9 million, up 218% YoY. More than 47 million customer trades were made for the first half of the year, up by 168.6% compared to $467.1 million made last year.