Argentex announces a 45% YoY increase in H1 2019 report

Argentex revenues

Argentex Group PLC, the recently listed foreign exchange services provider, has issued a Trading Update for the first half of the financial year ending 30 September 2019.

The company has generated revenues of £9.3 million from 25 June 2019 to 30 September 2019, the period since the Group’s admission to the AIM market of the London Stock Exchange.

Underlying revenues for Argentex LLP, the Group’s FCA regulated trading subsidiary, for H1 2019 were £13.8 million, up 45% compared to H1 2018 results (£9.5 million).

The performance was driven by growth in both client numbers and currency volume traded. The Company’s IPO has furthered its ability to support increasing trading volumes going forward.

Lord Digby Jones, Non-executive Chairman of Argentex commented:

We are pleased with the Company’s performance during the period, which reinforces our confidence in meeting expectations for the current financial year and in the Group’s long-term prospects.

Argentex will be reporting its interim results for the six months ended 30 September 2019 on 20th November 2019.

More recent news from the company can be seen below:

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