19th Feb 2014 09:17
LONDON (Alliance News) - Plus500 Ltd Wednesday said it was confident in delivering "considerable growth" in 2014 and announced a special dividend, as it saw revenue and pretax profit more than double in 2013.
The company provides an online trading platform for financial services. In its maiden full year results since listing on AIM, Plus500 posted revenue of USD115.1 million, more than doubled from USD56.1 million in 2012, driven by what it called effective marketing, rising customer numbers and an improved mobile offering.
As a result, pretax profit rose to USD67.2 million, from USD23.1 million in the previous year.
Plus500 posted a final dividend of USD0.1504 per share, as well as a special dividend of USD0.1369.
The company said that it had exceeded its expectations, which underpinned its commitment to a dividend policy of paying out 50% of net profit and additional special dividends where possible.
"The business remains well placed to build on the growth experienced during 2013 as we look to continue our growth ambitions and expand our geographic footprint," said Chief Executive Gal Haber in a statement.
Shares in Plus500 were trading up 20% at 399.00 pence Wednesday morning, the second biggest gainer on AIM.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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