CMC Markets Expects £126 Million in H1 FY22 Operating Income

CMC Markets plc published a pre-close trading update for the first six months, from April through September, of the fiscal year 2022. The brokerage is expecting to generate a net operating income of approximately £126 million.

This came only a month after the London-headquartered global broker lowered its expectation for the entire years revenue, keeping it between the range of £250 million and £280 million, which is much lower than the previous expectation level of more than £330 million.

The leverage gross client income in the six months period is expected to come in at around £127 million, compared to £174 million in the same period last year.

Additionally, the brokerage highlighted that the client trading volumes improved with the increased market volatility in September.

The expectation for the leveraged net trading revenue has been put around £100 million, which is half of the £200 million generated in the first half of FY2021. However, non-leveraged trading revenue is expected to be around £24 million, which is very close to H1 of FY21s £26 million.

Stay tuned for more updates!

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