Latest News
LCG praises investments as revenue, profit rise in H1

London Capital Group (LCG) has cited the impact of its investment strategy as the main reason behind year-on-year growth across number of key financial verticals during the six months to June 30.
Revenue in the first half amounted to just over £12m (€16.1m/$13.7m), which represents an increase of 7% on the £11.2m posted in the corresponding period last year.
Gross profit jumped 18% year-on-year from ÂŁ9.2m to ÂŁ10.9m, while adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) was also up 55% to negative ÂŁ961,000, compared to a loss of ÂŁ3.1m in the first half of 2016.
Elsewhere, adjusted loss before tax in the period improved from ÂŁ3.4m to ÂŁ1.8m, while statutory loss shortened by 48%, dropping from ÂŁ3.5m to ÂŁ1.7m.
Basic loss per share from continuing operations at the firm came in at ÂŁ0.0048, compared to ÂŁ0.0526 last year, while diluted loss per share from continuing operations improved from ÂŁ0.0526 to ÂŁ0.0046.
“The results are extremely encouraging and continue to demonstrate how LCG’s performance is improving following its investment in technology, product offering and branding. This improvement has been achieved against the background of challenging trading conditions in the first half of 2017.During this period, the group has seen strong revenue growth primarily due to increased client acquisition and participation as well as revenue capture compared to prior periods. This has enabled LCG to grow despite the lack of volatility in the market resulting in a benign trading environment.” -commented Charles-Henri Sabet, group chief executive at LCG.
Charles-Henri Sabet added: “The outlook for the industry continues to remain uncertain given the changing regulatory landscape. This is anticipated to have an impact on the industry and affect the services that can be offered to clients, particularly with regard to the levels of leverage that can be offered. However, the precise impact of this will not be known until the regulatory authorities have finalised their conclusions. LCG remains committed to ensuring the highest standards of regulatory compliance and welcomes changes that will improve and protect client outcomes“.
-
Latest News7 days ago
SSC Napoli, Champions of Italy, Aligns with Rabona in Long-Term Strategic Partnership
-
Compliance Updates6 days ago
Konami Gaming Awarded Gaming-related Vendor License in the UAE
-
Australia6 days ago
VGCCC Fines Werribee RSL for Self-exclusion Failures
-
Australia6 days ago
ACMA: ReadyBet Breaches Gambling Self-exclusion Rules
-
Latest News6 days ago
Top 5 Igaming Solutions For Fast Start in 2025 — SBSB Fintech Lawyers Recommends
-
Latest News6 days ago
Bety Casino Launches New Premium Platform with Trusted Licensing, Instant Crypto Withdrawals, and Elite Gaming
-
Latest News6 days ago
Superbet Becomes New Main Sponsor of Jagiellonia Białystok
-
eSports6 days ago
Esports Charts Becomes Official Viewership Analytics Partner of StarLadder Budapest Major 2025