Dukascopy posts Revenue of CHF 10.3M and Profit CHF 3.5M in first four months 2022
Following FNG’s exclusive report from last week that Geneva based Retail FX and CFDs broker Dukascopy had seen a (further) drop in activity and profitability in the second half of 2021, Dukascopy took the fairly interesting (and unusual) step of releasing summary financial statements covering the first four months of 2022, through to April 30, 2022.
Dukascopy normally files semi-annual financials, but once in a while decides to release interim results (it appears just when things improve 😀), with the last time being for Q1-2020 – an extraordinary quarter at the outset of the COVID-19 pandemic which drove record volumes, revenues and profits at a number of Retail FX brokers.
And it appears that Dukascopy wants us to know that indeed things are doing a lot better so far in 2022.
Dukascopy is reporting that it brought in CHF 10.3 million (USD $10.5 million) of Revenue in the first four months of 2022 – nearly matching its Revenues for the last six months of 2021 (CHF 10.6M), and 29% ahead of the pace seen in 1H-2021. Profits at Dukascopy for the January-April 2022 period were CHF 3.5 million, more than its entire 2021 profit of CHF 2.3 million.
The company added that from the beginning of the year, client deposits have increased by 1.8%.
Dukascopy’s four-months-2022 income statement follows: