16th May 2022 10:05
(Alliance News) - Plus500 Ltd said on Monday that trading in the second quarter of 2022 has continued to be "very strong".
The Israel-based contracts-for-difference trading platform said that as a result of the positive trading, it has increasing confidence for the company's full-year performance.
Plus500 now expects revenue and earnings before interest, tax, depreciation and amortisation this year to be "significantly" ahead of current market expectations.
This positive outlook has been driven by the development of new proprietary technologies and product offerings, the company explained.
Shares in Plus500 were up 3.6% at 1,564.71 pence on Monday morning in London.
By Heather Rydings; [email protected]
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