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Plus500 Is Returning $182.5 Million to Shareholders — $30…
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FinanceFeeds
Revenue increased 12% year over year to $462.9 million, the company’s highest six-month level in three years.
The EBITDA margin fell to 41% from 45%, while net profit increased about 2% from $149.6 million.
Active customers increased 10% to 197,294, while new customers rose 17% to 65,723.
Revenue increased by almost $48 million from a year earlier, but EBITDA improved by only $2.4 million.
Basic earnings per share rose 6% in H1 even though net profit increased only around 2%, partly because repurchases reduced the average number of shares outstanding.