Argentex Group PLC, provider of foreign exchange services to institutions, corporates and high net worth private individuals, has just released its trading update for the 12 months to 31 March 2020.
Highlights for Argentex LLP (the Group’s FCA regulated trading subsidiary), for the 12 months to 31 March 2020 include:
- Revenue was up 30% to c.£29m (2019: £21.9m)
- Strong client demand maintained during recent volatility
- 450 new corporate clients added
Revenue and trading
Argentex is expecting to report a c.30% increase in revenues to c.£29 million for the 12 months to 31 March 2020 (2019: £21.9 million), with FX turnover exceeding £12bn (2019: £10.8bn).