Monex sees net profit rise 14.6% QoQ in Q1 2016


Retail Forex broker Monex Group, Inc. (TYO:8698) has earlier today reported its operating and financial metrics for the first quarter of the fiscal year to March 31, 2016. Today’s numbers, calculated and presented according to IFRS, are broadly in tune with the preliminary results for the quarter the Group reported earlier this week.

To mention one difference, let’s note that the IFRS results show that revenues for the quarter from April 1, 2015 to June 30, 2015, are higher than the preliminary results show. Pre-tax profit is also a notch bigger than initially calculated.

According to the data released today for the April-June 2015 quarter

(comparisons will be given with January-March 2015 quarter):

  • Monex’s net profit attributable to shareholders totaled JPY 1.73 billion ($13.95 million), up 14.6% from the JPY 1.51 billion in net profit recorded in the preceding quarter.
  • Monex’s pre-tax profits totaled JPY 2.5 billion, down 3.9% from the preceding quarter, when the pre-tax profits stood at JPY 2.6 billion.
  • Monex’s total revenues amounted to JPY 14.3 billion, up 2.73% from the preceding quarter when the result was JPY 13.92 billion.

monex_inside_ifrs_q1

To view the official announcement by Monex, click here.

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Monex sees net profit rise 14.6% QoQ in Q1 2016

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