Following three (semi-annual) periods of continuous decline, Estonia based Retail FX and CFDs broker Admirals Group AS has released its unaudited results for the first half of 2024, indicating a 10% rise in Revenues, and a reduced Net Loss from what the company saw in each of H1 and H2 of 2023.
Admirals reported Revenues of €22.0 million for the first six months of 2024, up by 10% from €19.9 million in the second half of 2023, and also slightly above the company’s €21.1 million Revenue result in the first half of last year.
Admirals – which lost roughly €5 million in each half of last year – saw its Net Loss reduced to €1.2 million in H1-2024, as the company was able to lower its operating expenses by 9% to €22.9 million (6M 2023: €25.2 million).
