Admiral Markets AS saw increased trading revenues and positive financial performance in the first half of 2024.

From GlobeNewswire: 2024-09-02 06:00:00

Admiral Markets AS reported increased trading revenues and positive EBITDA in the first half of 2024 despite low market volatility. Net trading income rose to EUR 6.9 million, operating expenses decreased by 29%, EBITDA was EUR 1.2 million, and net profit reached EUR 0.9 million. Admirals voluntarily suspended new customer onboarding for Admirals Europe Ltd. in April 2024 to comply with CySEC recommendations in EU countries. The company is working to achieve full regulatory compliance, aiming to resume attracting new clients and enhance market reputation, focusing on responsible practices.

In thousands of euros, Admiral Markets AS reported financial performance for assets, liabilities, trading income, expenses, and net profit for the first half of 2024 compared to the same period in 2023. Despite market challenges, the Company saw improvements in key financial metrics and is actively working towards compliance with regulatory standards, ensuring responsible operations and solid market presence. Visit their website for additional information on financial results and regulatory updates.



Read more at GlobeNewswire:: Admiral Markets AS 2024 Unaudited 6 Months