Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) closed out a record year for both Revenues and Profits in 2023, reporting very strong results for the fourth quarter of the year.
In Q4, XTB saw a 79% QoQ increase in Revenues, to $123 million, and a 106% QoQ jump in Net Profit, to $62 million. Q4-2023 was XTB’s second best quarter ever, second only to this year’s Q1.
Overall for 2023, XTB reported record Revenues of PLN 1.59 billion (USD $397 million) – up 10% from 2022 – and Net Profit of PLN 791 million (USD $198 million), up 3% over 2022.
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