Saxo Bank 2018 first half Revenues decrease to $230 million @ Forex Factory

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From leaprate.com

Copenhagen based mostly Retail FX and CFDs dealer Saxo Bank has reported its outcomes for the first half of 2018, indicating an general slowdown in enterprise.

On the highest line, in what the corporate stated was a interval with low market volatility and the introduction of a brand new competitive pricing construction, Revenue for the Group reached DKK 1.51 billion (USD $230 million), a slight decrease of 0.3% in contrast to the first half of 2017 (though up barely from the second half of 2017 at Saxo Bank).

Saxo Bank reported a constructive web revenue of DKK 150 million for the first six months of 2018, down from DKK 230 million final yr 1H.

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