CMC Markets interim revenues up 50pc

Financial services firm CMC Markets said on Thursday that net revenues had surged in the six months ended 30 September, helping the group swing from its interim pre-tax loss a year earlier.

CMC Markets said net revenues were up 50% at £131.3m, while net operating income was 45% firmer at £177.4m and interest income was 46% higher at £23.4m.

As a result, CMC Markets reported a pre-tax profit of £49.6m, a marked improvement on the prior year's £2.0m pre-tax loss. CMC also said its pre-tax margin had improved by 30 basis points to 28%.

Basic earnings per share were 12.8p, up from a 0.8p loss per share a year earlier, and the FTSE 250-listed declared an interim dividend of 3.10p, up 210% year-on-year.

As of 0925 GMT, CMC Markets shares were down 12.70% at 295.50p.

Reporting by Iain Gilbert at Sharecast.com