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XTB's Q3 Revenue Down 29% on Declining Market Volatility

XTB has released its preliminary financial and operating results for the third quarter, disclosing a decline in revenue and net profit due to a drop in market volatility. The firms' consolidated revenue also took a hit, decreasing 29.5% year-on-year, from PLN 391.3 million to PLN 275.7 million. The main contributor to this decrease was the low profitability per lot, which fell from PLN 245 to PLN 137. However, this was offset by a surge in active clients, which increased 47.1% year-on-year. As a... Read More

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Xtb

Revenue

Down

Declining

Market

Volatility

Forex

Posted: Oct 26 2023, 18:11

Author Name: financemagnates

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