26th Jan 2022 10:58
(Alliance News) - CMC Markets PLC on Wednesday said it delivered a "sustained" performance in its third quarter that was in line with guidance and affirmed its confidence in meeting its full-year net operating income outlook.
CMC said the "sustained" performance was across both its leveraged and non-leveraged operations.
For the three months to December 31, the London-based financial services company said client money and assets under administration in leveraged and non-leveraged businesses were close to record highs.
Monthly active client numbers across both leveraged and non-leveraged businesses remained at similar levels to those in the first half.
CMC affirmed that it was, therefore, confident in achieving a full-year net operating income of GBP250 million to GBP280 million, consistent with guidance, but would represent a 32% to 39% fall from GBP409.8 million the year before.
It also expressed confidence in the underlying performance of the business and said its strategic initiatives, including the ongoing development of its UK non-leveraged investment platform, are progressing well.
Shares were up 2.4% at 236.00 pence each on Wednesday morning in London.
By Abby Amoakuh; [email protected]
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