The online trading platform (contracts for difference) company went public three months ago and has seen its share price rise 25% since.
Plus500 Ltd. (AIM: PLUS) reported $20 million revenue for the third quarter of 2013, 66% up from the corresponding quarter of 2012, although compared with a quarterly average of $22 million in the first half of the year. The online trading platform (contracts for difference) company went public three months ago and has seen its share price rise 25% since.
Plus500 said, "Due to the seasonality of the numbers we would not emphasize on this quarterly drop and focus instead on impressive year on year growth in the revenue stream and customer numbers. The company is focusing on growing its presence in the EEA and Australia as part of a continuing effort to expand its customer base all over the globe."
The number of active customers rose from 31,500 in 2012 to 37,000 and new customers signing on have grown 45% to 12,658 for the third quarter. Plus500's share price rose 16.3% on London’s Alternative Investment Market (AIM) on Friday to £1.71, giving a market cap of £196 million.
Published by Globes [online], Israel business news - www.globes-online.com - on October 20, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013