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FLOW TRADERS 28/07/2023

Flow Traders,  reported its financial results for the six months ending on June 30, 2023. The gross trading income for this period amounted to $301.5 million, demonstrating consistent performance compared to $328.3 million in the previous year. Fees related to trading activities stood at $54 million, while net financial expenses associated with trading activities increased to $87.6 million from $39.5 million. The net trading income reached $159.9 million, reflecting a decrease from $232.7 million in the previous year, partly attributed to other income adjustments. Flow Traders managed its operational costs diligently, with operating expenses at $128.1 million, down from $150.9 million. The operating result totaled $33.7 million, showcasing the company’s ability to navigate challenges while delivering a profit before tax of $29.1 million. After accounting for a tax expense of $5.6 million, the profit for the year attributable to the owners of the Company stood at $23.5 million. The company also recorded other comprehensive income, including foreign currency translation differences and changes in fair value, amounting to a net of $20.4 million. Flow Traders reported basic earnings per share of $0.54 and diluted earnings per share of $0.52, indicating a steady financial performance during the period.

Date de publication :28/07/2023

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