Today we learned that Swiss brokerage house Dukascopy Bank has reached a new record in total income at CHF 17.2 million (USD 17.56 million), 1.6% above the first half of 2015 which already was a record at the time.
Due to higher operating expenses (+15.2%) reflecting IT developments and new marketing initiatives, the half year net profit is 25.8% below the same period 2015 but still is very satisfactory at CHF 2.5 million. At Group level, consolidated total income is 2.4% above the first semester 2015 at CHF 18.1 million.
However, the initial losses of its new subsidiary Dukascopy Japan, which is still in launching phase, negatively affected the half-year consolidated net profit which amounts to CHF 1.9 million. Dukascopy Japan is showing promising growth and Dukascopy is forecasting to break-even by 2017.
These figures reflect a very solid performance and continued stability in Dukascopy Bank and Dukascopy Group financial situation.
Dukascopy stated in its letter it would like to thank clients, employees and counterparties for their continued trust and loyalty.
Complete historical individual and consolidated balance sheets and statements of income are available here.