Trading platform CMC Markets doubles full-year profit By Reuters

Trading platform CMC Markets doubles full-year profit By Reuters

© Reuters. FILE PHOTO: Dealers work at their desks whilst screens show market data at CMC Markets in London, Britain, January 30, 2019. REUTERS/Dylan Martinez/File Photo

(Reuters) – London-listed online trading platform CMC Markets said on Thursday annual profit more than doubled from a year earlier, thanks to high volumes.

CMC, which upgraded its results targets multiple times amid the U.S. retail trading frenzy, said pretax profit rose to 224 million pounds ($315.91 million) for the year ended March 31 from 98.7 million pounds a year earlier. Net operating income jumped 63%.

($1 = 0.7091 pounds)

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