NAGA Group posts final 2023 results: Revenues €39.7M, EBITDA €8.4M
NAGA said it achieved the planned turnaround in earnings by making significant savings in all key cost items.
NAGA said it achieved the planned turnaround in earnings by making significant savings in all key cost items.
NAGA is in process of being taken over by rival broker Capex.com and its shareholders via a reverse merger.
Octavian Patrascu is positioned to become NAGA’s majority shareholder, with a personal financial investment in the deal.
Ben Bilski effectively ran NAGA from its founding in 2015 until last summer, when he was replaced as CEO by Michael Milonas.
There is general concern among NAGA Group employees regarding pending layoffs, as Capex.com comes in as the acquiror.
Client trading volume at NAGA totaled €143 billion for 2023 (FY22: €137 billion), or about USD $13 billion monthly.
Managing Partner of Capex.com operator Key Way Group, Octavian Patrascu, will be Chairman of the Board of The NAGA Group AG.
Shares of publicly traded Retail FX and CFDs broker NAGA Group AG (ETR:N4G) dropped by 15% on Monday, falling to […]
NAGA Group – which had been making big bets on crypto – wrote off €15.3 million related to its NAGA Coin (NGC) in 2022.
NAGA stated that it is soon launching its first ever White Label partnership with a regulated online-brokerage from Kuwait.