Monex Group more than doubles revenues in Q2
Monex Group more than doubles revenues in Q2 explained by professional Forex trading experts the “Monex Group more than doubles revenues in Q2” FX trading team.
Monex Group more than doubles revenues in Q2
Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported Q2 results today which, as expected, showed healthy gains across the board in revenues, net profit, and client assets. Monex showed a 91% rise in forex trading volumes in April, although volumes slowed somewhat during May and June.
Monex revenues in Q2 hit ¥16.8 billion ($168 million), more than double the ¥8.1 billion Monex did in Q2-2012, and up 30% from Q1’s revenues of ¥12.9 billion.
Monex also did well on the bottom line, earning net income after taxes of ¥5.1 billion ($51 million) in Q2, a nice 30% net profit margin (Monex’s profit-before-taxes margin was actually right at 50%), versus ¥2.4 billion in Q1.
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