July 28, 2016 BY Valentina Kirilova

Japan Exchange Group reports Q1 FY2016 earnings, quarterly net income drops 11%

Highlights and FY2016 forecast: Revenues, particularly those from trading services, declined mainly due to a YoY decrease in cash equity trading value. Combined with an increase in depreciation cost accompanying the launch of new trading systems, quarterly net income fell 11.0% from last year. Operating Revenue: Information services revenue grew mainly due to an increase in…

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