20th Nov 2018 09:16
LONDON (Alliance News) - Plus500 Ltd in a short statement on Tuesday said the "strong momentum" reported in its third-quarter update has continued into November, with its results for 2018 now expected ahead of previous market expectations.
Shares in the contracts-for-difference provider were up 7.0% at 1,375.00 pence on Tuesday.
Chief Executive Officer Asaf Elimelech said: "We are delighted to report positive momentum for October and November as we move towards the end of the financial year. We believe we are in a good position for 2019 and continue to focus on acquiring high value customers as well as growing in existing and new jurisdictions."
Plus500 in October had guided its full-year results to be ahead of expectations as the number of active customers in the nine months to the end of September rose 74% to 278,529 from 160,090 a year before.
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