London based online trading firm CMC Markets plc (LON:CMCX) has issued a Trading Update for its fiscal Q1 of FY2025, indicating that Q1 performance was in line with expectations, with the company on track to achieve net operating income of between £320-360 million for the year. CMC has a March 31 fiscal year end, so Q1 of FY2025 are the calendar months of April-May-June 2024.
CMC reported that consistent with its FY24 results announcement made on 20 June, the Group traded in line with management’s expectations during the first quarter of FY25. Good progress is being made on CMC’s institutional and B2B strategy, as highlighted by the recent announcement of its markets-connect-launches-trading-partnership-with-neobank-revolut/”…
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