Trading update: Plus500 Q2

Below is the official statement from Plus500 Ltd. (LON:PLUS), regarding their 2nd quarter of business for 2014.

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Despite relatively subdued market activity both revenue and profit in the quarter are expected to be ahead of market expectations.

EBITDA margins have continued to be strong, underpinned by increasing ARPU and ongoing improvements in the efficiency and effectiveness of the Company’s online marketing efforts.

These trends have more than offset a slower quarter of customer acquisition which has been particularly noticeable during recent ongoing sporting events.

Whilst it is too early to predict the outcome for the full year, with the benefit of ongoing initiatives to improve the Company’s customer acquisition, retention and revenue generation the Board looks ahead with confidence.

The company will announce interim results for the six months ended June 30th, 2014 on August 13th, 2014.

The stock is gaining close to 5 percent on the update at 479.67 pence.

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