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Plus500 boasts record profits, new customers in 2016
Plus500, one of the leading European forex and CFD brokers, reported record rvenue and numbers of new customers in 2016. According to the preliminary unaudited report for the year, the broker had a net profit of $117.2 million, up 21% from 2015 and revenues of $327.9 million – 19% higher than those of 2015. The cash generated from operations in 2016 rose 20%, to $153.3 million, but the year end net cash fell 13% to $136.5 million, year-on-year. The EBITDA (Earnings before interest and taxes and depreciation and amortization) of Plus500 in 2016 increased 14% and stood at $151 million. According to Plus500, the ... (full story)