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Futu’s Profit Jumps 13% as Revenue and Trading Volume Grows in Q1

Futu Holdings posted $281.4 million in gross profit during first quarter 2023, which is an increase of 13% over the $248.5 million it returned during the prior quarter. However, compared year-over-year (YoY), the profit surged by 56.3%. The Hong Kong-based online brokerage and wealth management disclosed the figures on Wednesday in its unaudited financial results, noting that its total revenue and trading volume also jumped 9% quarter-over-quarter (QoQ) during the period. Total revenue during Q1... Read More

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Posted: May 24 2023, 14:04

Author Name: financemagnates

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