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Saxo Bank sees flat Revenues, slight loss in 2H-2023

Saxo Bank has released its 2023 Annual Report, indicating a fairly steady second-half-of-the-year, but falling profitability at the company.

Saxo Bank Group reported a net profit of DKK 711 million for 2022, compared to DKK 755 million for 2021.

For the full year 2021, Saxo Bank brought in Revenue (what it terms Operating Income) of DKK 4.492 billion, or USD $679 million.