Social and copy trading focused Retail FX and CFDs broker NAGA Group (ETR:N4G) has released a brief summary of its Q1 results, indicating that after a loss-making 2022 the company returned to above breakeven, following a series of cost cutting measures.
NAGA Group Revenues
On the top line, NAGA – which operates offshore (St Vincent & The Grenadines) site naga.com and CySEC-licensed nagamarkets.com – indicated that the company brought in €11.6 million in Revenues in Q1 2023. That seems to be both good and bad news. Good, in that NAGA saw Revenues of about €10 million in each of the past two quarters, Q3 and Q4 2022. (Note that NAGA has yet to release its full 2022 annual results).
But bad, in that Read More
