MultiBank Group Announces Record Financial Performance of Gross Profit of US$ 94 million for Q1-Q3 of 2020
MultiBank Group, one of the largest online financial derivatives providers worldwide, announces record figures, with Q1-Q3 results being up by 49% YOY . The Group recorded a gross profit of over USD $94 million for the period of January – September 2020 which is a substantial increase from USD $63 million for the same period in 2019.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201105005600/en/
Impressively, MultiBank Group’s turnover is over US$ 2 trillion for Q1-Q3 in 2020, which already exceeds the 2019 annual turnover of USD $1.9 trillion, setting them up for overall financial record-breaking year.
MultiBank Group has continued to see growth across its key metrics year on year which has been underpinned by exceptional performance across its key areas of strategic focus and the dexterity of technology infrastructure.
Geographically, the Group continues to expand and cater to key markets. Greater China was the largest source of revenue in FY 2019 with a share of 36% total revenue. However, since the relocation of its headquarters to Hong Kong and United Arab Emirates; MultiBank’s regional sources of revenue are increasingly diversified throughout Rest of Asia, Middle East, and Latin America.
Naser Taher, Chairman of MultiBank Group, says:
“It has been an incredible year so far and we’re extremely motivated by the results thus far and look forward to finishing 2020 in an exceptionally strong position. The MultiBank Group continues to deliver on its vision to provide our clients with award winning technologies and services being a fully automated exchange platform, global brokerage, and highly developed asset management solutions.”
For more information about the MultiBank Group, please visit www.multibankfx.com .
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SD-RAVEN-INDUSTRIES,-INC12.5.2021 15:17:07 CEST | Press release
Raven Industries Launches the OMNi Brand
CA-SENTINELONE12.5.2021 15:02:07 CEST | Press release
SentinelOne Receives Highest Score for the Type A Use Case (“Lean Forward” Organizations) in the Gartner 2021 Critical Capabilities for Endpoint Protection Platforms
HIRO-CAPITAL12.5.2021 15:02:06 CEST | Press release
Hiro Capital Leads $6.4m Investment in Game Innovators Twin Suns Corp and FRVR
CA-CLOUDBLUE12.5.2021 15:02:06 CEST | Press release
New CloudBlue Revenue Management Solution Solves for Recurring Billing Reconciliation
MA-E-INK-HOLDINGS/NUCLER12.5.2021 14:55:05 CEST | Press release
Nuclera Acquires E Ink Digital Microfluidics Unit
CA-ESRI12.5.2021 14:02:11 CEST | Press release
Esri Partners with International Community to Scale GIS Technology for Sustainable Development
THALES12.5.2021 14:02:11 CEST | Press release
Thales Expands Its Access Management Capabilities to Offer a Unified Authentication Platform
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom