LeapRate Exclusive… It was a good year to be a shareholder of Spreadex.com.
LeapRate has learned that UK sports and financial spreadbetting company Spreadex Limited, which has a May 31 financial year end, saw fiscal 2015 Revenues rise 14% to £40.4 million (or $63 million), up from £35.4 million in 2014.
On the bottom line, Net Profit rose 24% to £17.7 million ($27 million), up from £14.2 million in 2014.
Shareholders of Spreadex were paid out more than £20 million in dividends from the company over the past year.
Virtually all of the company’s Revenue was derived from within the UK.
Spreadex offers both Sports and Financial spreadbetting. The company did not break out its results between the two groups.
Early in the fiscal year (last summer), Spreadex confirmed that it made a bid of £0.30 per share to acquire rival London Capital Group Holdings plc (LON:LCG), in response to the £17 million investment in the company made by Charles Henri Sabet and his investor group. The Spreadex bid was rejected, and the Sabet group took control of LCG.
Copies of Spreadex’s income statement and balance sheet follow: