LCG reports continued slow trading volumes in Q4 and into this year.
London Capital Group issued a Trading Update on its fourth quarter 2012, stating that it “continued to experience suppressed trading volumes in the fourth quarter”. The group’s revenues in the second half of 2012 totalled just £10.2 million, down 45% from £18.4 million in the first half of the year. The publicly-traded spreadbetting company expects to report a small loss for the year, when it releases complete full year results at the end of February.
LCG operates its business under several brand, including Capital Spreads, Capital CFDs, ProSpreads and LCG FX.
LCG shares traded down on the news by about 5% at the begiining of trading Thursday morning on the LSE.
For the full press release click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.