Binary options platform provider and operator TechFinancials Inc (LON:TECH) issued a Trading Update on its 2016 financial results, which seemed to indicate that things are going well at the company.
TechFinancials, whose primary business is selling Binary Options platforms but also operates its own binary options brand OptionFair, stated that trading in H2 2016 has been consistent with H1 results. We would note that the first half of 2016 brought a healthy improvement in TechFinancials’ financial results, as per the Revenue chart below.
The TechFinancials board expects full year 2016 revenue to be in line with or marginally ahead of market expectations for the full year. EBITDA is anticipated to be ahead of market expectations for the year.
For the full TechFinancials 2016 Trading Update click here.