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Tuesday, January 18, 2022

Plus500 expects annual results to top market view despite weaker Q4

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– Plus500 said on Monday it expects annual results to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance.

The company posted an annual revenue of $718 million, with fourth-quarter revenue down 24% versus the prior quarter. Plus500 expects to report a core profit of $387 million for the year ended Dec. 31.

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