20th Nov 2013 11:52
LONDON (Alliance News) - Trading platform provider Plus500 Ltd Wednesday said it now expects full year revenues to "significantly" exceed market expectations, after continued strong trading that has already exceeded market expectations.
"Plus500 continues to see active customer growth accelerating whilst customer acquisition costs remain stable. This continued strong performance, coupled with favourable market conditions, highlights Plus500's growing market position and the increasing effectiveness of the Company's marketing efforts," Plus500 said in a statement.
On October 17, Plus500 said: "[We expect] to comfortably exceed revenue expectations and substantially exceed profit expectations for the year ending December 31, 2013."
Plus 500 shares were Wednesday quoted up 17.2% at 215 pence, making the company the second top AIM mover.
By Samuel Agini; [email protected]; @samuelagini
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