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CMC Markets says H2 net operating income ahead of first half

Published 29/03/2018, 09:05
© Reuters.  CMC Markets says H2 net operating income ahead of first half
CMCX
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(Reuters) - Spreadbetting group CMC Markets Plc (L:CMCX) said net operating income for the second half of the year will be 'moderately' above the first half and 'significantly' above the prior year, largely due to a change in focus to high-value clients.

CMC, which has been hit by a sector-wide regulatory clampdown, said a rise in the proportion of high-value clients had led to improved revenue per client in the final quarter of the year.

Active client numbers at CMC -- founded by Chief Executive Peter Cruddas as a foreign exchange broker with a 10,000-pound investment in 1989 -- rose year-on-year in the final quarter.

However, full-year client numbers were still behind last year, CMC said on Thursday. [nRSc3057Ja]

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