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Plus500 revenue decreases in Q3, stock price drop to lowest levels since June
Leading retail brokerage Plus500 (LON:PLUS) announced key financial results for the third quarter and first nine months of this year on Monday. For the three months ending on September 30th 2016, the company’s revenues declined by 4%, coming in at $77.5 million. It was caused by a substantial decline in average revenue per user (ARPU). Plus500’s APRU In Q3 stood at $1,107 compared to $1,037 in Q2 2016 and $1,534 in Q3 2015. The number of new clients, however, has grown by 47% to 25,083 in Q3. The company believes that the continuing rise in new and active customers will have a positive long-term effect on its ... (full story)
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