CMC Markets upbeat on future prospects despite mixed interims
London
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November 17, 2023 01:25 PM Eastern Standard Time
CMC Markets PLC (LSE:CMCX) chief financial officer Albert Soleiman speaks to Thomas Warner from Proactive London after the UK-based financial services company released half-year results for the period ended 30 September.
CMC Markets reported a net operating income of £122.6 million, resulting in a pre-tax loss of £2 million, including a £5.3 million impairment charge. Solomon emphasises progress on the operational front, highlighting the expansion of their Invest UK platform and the launch of the Singapore invest offering.
The £2mln pre-tax loss was largely attributed to subdued client activity due to inflationary pressures and the difficult economic climate.
Soleiman reveals that the company will continue its dividend policy, reflecting confidence in future profitability. Share buybacks remain under consideration by the board as part of capital and shareholder return management.
In closing, Solomon expresses optimism about the company's future, citing ongoing strategic investments and operational synergies. While acknowledging the challenges, he sees significant opportunities ahead for CMC Markets.
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