Plus500 sees annual revenue, profit above market estimates

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Plus500 on Tuesday (Jul 12) forecast its annual revenue and profit ahead of market expectations, as online trading platforms benefited from a surge in market volatility on the back of the Russia-Ukraine crisis. The company, which forecast in May full-year revenue and profit to exceed current market expecta

Plus500 on Tuesday forecast its annual revenue and profit ahead of market expectations, as online trading platforms benefited from a surge in market volatility on the back of the Russia-Ukraine crisis.

The company, which forecast in May full-year revenue and profit to exceed current market expectations, also reported a 118 per cent jump to US$143.7 million in its second-quarter core profit.

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