# Plus500 Ltd Expect FY profitability to be substantially ahead of expectations

- Link: https://www.directorstalkinterviews.com/plus500-ltd-expect-fy-profitability-to-be-substantially-ahead-of-expectations/412808846
- Published: 2020-03-16T07:33:10+00:00
- Author: Giles Arbor

**Plus500 Limited** (LON:PLUS), a leading online service provider for trading Contracts
for Difference internationally, today provided an update as a result of the ongoing
period of heightened volumes of trading across global financial markets.

Following the Trading Update issued on 28 February 2020, the Company has continued
to see a significantly increased level of customer trading activity alongside strong
momentum across all financial and operational KPIs. Revenue from Customer Income1
has been very strong due to the heightened levels of market volatility. The Company
has also experienced gains from Customer Trading Performance2 which is expected 
to be neutral over time.

We are at an early stage of the financial year and given the uncertainty regarding
the duration of current levels of volatility or the unquantified potential impact
from regulatory changes in Australia, it remains difficult to predict the outcome
for the full year at this stage.

Notwithstanding this, we expect revenue and profitability for the full year to be
substantially ahead of current consensus expectations.

 Plus500 Limited will issue further announcements as appropriate, with its first
quarter trading update scheduled to be issued on 7 April.

The information contained within this announcement is deemed by the Company to constitute
inside information as stipulated under the Market Abuse Regulation. Upon the publication
of this announcement via Regulatory Information Service, this inside information
is now considered to be in the public domain.

1 Customer Income – Revenue from customer spreads and overnight charges

2 Customer Trading Performance – Gains/losses on customers’ trading positions

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