CMC Markets revenue for FY22 in line with expectation with 31% decline

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-250x151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="CMC markets" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-250x151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-700x422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-768x463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-120x72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-245x148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-500x301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>The basic earnings per share for FY 2022 stood at 24.8 pence, down by 60%.</p> <p>The number of leveraged active clients also saw significant decline on yearly basis at 64,243, falling 16% compared to <a target="_blank" href="https://www.leaprate.com/forex/brokers/cmc-markets-reports-409-8-million-net-operating-income/" rel="noopener">the previous year</a>. The number of non-leveraged clients came in at 3,575, down by 22%.</p> <p>Compared to pre-pandemic levels, the number of active leveraged clients was actually up 12%, however for non-leveraged ones, went down by 5%.</p> <h2>Outlook</h2> <p>The broker has optimistic expectations, with net operating income expected to grow by 30% over the next three years.</p> <p>Lord Cruddas added:</p> <blockquote><p>There is significant opportunity and growth potential in the self‑directing investment platform space, especially in the UK, not just for improved technology but also transaction costs and fees. We believe commissions, execution spreads and custodial fees are too high and too expensive for retail investors.</p></blockquote> <blockquote><p>We will utilise our platform technology, including pricing and execution, to drive down the transaction costs of investments for retail clients, just like we did in Australia, where we are the number two investment platform for retail investors.</p></blockquote> <p>Earlier this week, CMC Markets announced that <a target="_blank" href="https://www.leaprate.com/forex/executives/susanne-chishti-joins-cmc-markets-board/" rel="noopener">Susanne Chishti</a> has joined its Board as Non-Executive Director.</p> <p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/brokers/cmc-markets-revenue-for-fy22-in-line-with-expectation-with-31-decline/">CMC Markets revenue for FY22 in line with expectation with 31% decline</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>