Saxo Bank reports drastic revenue decline in the second half of 2010

Saxo Bank released its full-year 2010 results at the end of last week, reporting that its profits tripled from 2009 to a record DKK 644 million (approximately $108 million) in its best-ever year. Behind the total-year numbers, however, was the fact that the vast majority of Saxo’s profits were earned in the first half of the year.

LeapRate analysis shows that Saxo Bank’s revenues from trading activities fell by 37% in the second half of 2010 from the first half, while profits fell by 82%.

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Saxo Bank reports drastic revenue decline in the second half of 2010


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