-
The adjusted consolidated revenue came in at CHF 239.3.
-
Both IDB and non-IDB businesses saw an increase in demand.
The adjusted consolidated revenue figure of the group came in at CHF 239.3, which was 7.1 percent higher than the same period of the prior year.
CFTs business can be divided into two divisions: interdealer broking business (IDB) and non-interdealer broking business (non-IDB), which is its retail forex trading operations in Japan. The IDB segment jumped by 5.9 percent, while non-IDB revenue surged by 42.7 percent, both at constant exchange rates.
Considering the current exchange rate, the consolidated revenue of the company increased by 8.3 percent. The revenue from IDB and non-IDB segments jumped by 35 percent, respectively.
Closing the Year Strong
In Q3 of 2021, the Swiss group reported consolidated revenue of CHF 202.6 million. With this, the company's consolidated revenue for the second half of the year came in at CHF 421.6 million compared with CHF 390.2 million in 2020. That was an increase of 6 percent at a constant exchange rate.
“The Group's activities progressed in the second half of 2021 after a period of normalization of activity during the first half of the financial year given the extreme volatility on the financial markets at the very beginning of the health crisis,” the company stated in a press release shared with Finance Magnates.
Despite the quarterly rise, the consolidated revenue for the whole year came in 2.9 percent lower at CHF 873.6 million than the peaks of 2020. The adjusted figure for IDB also went down by 2.8 percent, but non-IDB saw an overall jump of 3.8 percent.
