London based Retail CFDs broker CMC Markets released its full results for its 2020 fiscal year ended March 31, 2020, indicating a significant pickup in activity during the second half of the year – and in particular during the last month of the year (i.e. March 2020), in the wake of the global Covid-19 crisis.

For all of Fiscal 2020, Revenues at CMC Markets (which it calls “Net operating income”, or Gross Revenues from client trading less introducing partners commissions ) came in at £252 million – with the bulk of that, £149.7 million, coming in the second half of the year.

Total profit for the year at CMC was £86.9 million, with £59.4 million of that in 2H-2020.

To give our readers a good sense of just how much better the second half of the year was at CMC Markets (which we’ve also seen at a number of other Retail FX and CFD brokers), the following metric is key. In the first half of Fiscal 2020 (i.e. April-September 2019) average revenue per client at CMC Markets came in at £2,047. For the full year 2020 it was £3,750.

CMC Markets founder, CEO and controlling shareholder Peter Cruddas had the following to say:

“During these extraordinarily difficult times, I would like to take the opportunity to convey my sympathies to everyone who has been impacted by the COVID-19 pandemic. I am extremely proud of the resilience and dedication shown by all of my colleagues at CMC, who are contributing to ensuring that our clients are able to trade throughout a period of extraordinarily high volume and volatility in global markets.

The significant performance improvement in 2020 is a result of the Group’s unwavering focus on our strategic initiatives. This has delivered increased diversification of Group revenues, improved CFD client income retention and an increased number of active clients. The growing contribution of B2B revenues is also particularly pleasing and will continue to be an important part of our strategy going forward.

The heightened volatility and trading activity resulting from COVID-19 has continued into the first quarter of the financial year, and CMC continue to provide clients with market leading trading platforms and client service. I am also confident that, once the financial world returns to more normal conditions, the Group will continue to build on the underlying growth that was being displayed prior to the pandemic. This, in combination with our stable dividend policy and positive trading outlook, will enable CMC to continue to deliver considerable value to all of our stakeholders.”

The full release detailing CMC Market’s 2020 results can be seen here.