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Compagnie Financière Tradition’s Q3 Revenue Jumps over 19%

Started by forex4you, Nov 03, 2022, 03:19 am

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Compagnie Financière Tradition's Q3 Revenue Jumps over 19%

<p>Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, published its critical financials for the third quarter of 2022, reporting a consolidated revenue of CHF 232.4 million.</p><p>The figure increased by 19.2 percent year-over-year at a constant exchange rate from CHF 202.6 million generated as revenue in the previous year's third quarter. The jump based on the current exchange rates was 14.7 percent.</p><p>The press release shared with Finance Magnates further detailed that the group's adjusted revenue for the three months, between July and September, came in at CHF 252.6 million compared to CHF 220.5 million in the previous year. That was a year-over-year increase of 19.4 percent at constant exchange rates.</p><p>Two Revenue Streams</p><p>CFT divides its business into two primary divisions, the interdealer broking business (IDB) and the non-interdealer broking business, which is its retail <a href="https://www.financemagnates.com/terms/f/forex-trading/" target="_blank" id="258a569f-bf49-4a61-a1b4-bc352d76141f_1" class="terms__main-term">forex trading</a> business in Japan under the brand <a href="https://www.financemagnates.com/tag/gaitame/" target="_blank">Gaitame</a>.</p><p>The revenue from the group's IDB streams jumped by 19.4 percent last quarter, while the figure from the Japanese <a href="https://www.financemagnates.com/terms/f/forex/" target="_blank" id="6faa6714-7f7b-4d23-b1c5-c0d40807d613_2" class="terms__secondary-term">forex</a> trading business climbed by 19.2 percent.</p><p>At constant currency rates, IDB revenues have increased by 15.1 percent. However, non-IDB numbers have declined by 0.3 percent due to a weakening Japanese currency.</p><p><a href="https://www.financemagnates.com/tag/compagnie-financiere-tradition/" target="_blank">Compagnie Financière Tradition</a> has been posting impressive numbers for a few quarters now. It closed the <a href="https://www.financemagnates.com/forex/brokers/compagnie-financire-tradition-posts-464-jump-in-h1-profits/" target="_blank">first six months </a>of the ongoing year with a reported revenue of CHF 483.9 million and a profit of CHF 51.1 million. These figures jumped at current rates by 7.1 percent and 44 percent, respectively.</p><p>However, in 2021, the group witnessed a 2.5 percent <a href="https://www.financemagnates.com/forex/compagnie-financiere-tradition-sees-25-drop-in-2021-adjusted-revenue/" target="_blank">decline in its adjusted revenue</a>. The figure came in at CHF 950.8 million and a yearly pre-tax profit of CHF 85 million.</p>

This article was written by Arnab Shome at www.financemagnates.com.

Source: Compagnie Financière Tradition's Q3 Revenue Jumps over 19%
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