Tradition reports revenues of CHF 426.6 million in H1 2015

Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has today reported a revenue of CHF426.6 million in the first half of 2015.

The Group reported first-half consolidated revenue of CHF 426.6m, compared with CHF 425.4m in the same period in 2014, an increase of 0.3% at current exchange rates or 1.1% in constant currencies.

For the same period, the Group’s consolidated adjusted revenue was CHF 457.2m, compared with CHF 452.3m in 2014, an increase of 2.2% at constant exchange rates.

The adjusted revenue from interdealer broking business (IDB) was up 1.1% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 64.5%.

That is a remarkable figure when considering that the company’s forex trading business for retail investors in Japan (Non-IDB) was down 16% during the full year of 2014.

In the second quarter, consolidated revenue was CHF 199.3m, down 12.3% from the first-quarter consolidated revenue of CHF 227.3m, and down 0.8% in constant currencies from the equivalent period last year.

The Group’s consolidated adjusted revenue was CHF 214.1m, up 0.8% at constant exchange rates with IDB down 0.9% and Non-IDB up 112.4%.

For the official announcement from Tradition, click here.

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Tradition reports revenues of CHF 426.6 million in H1 2015


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