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Capital Index (UK)'s Revenue Downturn Persists, Falls 14% in 2022
Capital Index (UK) Limited, a London-based online broker specializing in CFDs, financial spread betting, and spread trading, whose key financial metrics continued to decline in 2022, with revenues seeing a decrease of 14% during the period.
The revenues for the year decreased from £1.71 million in 2021 to £1.46 million. The figure for 2021 represents a 30% drop from 2020.
Gross profit for 2022 was £1.15 million, down slightly from £1.21 million in the previous year. However, the loss decreased slightly to £202k from £239k in the prior year. The operating loss also narrowed from £287k to £211k.
As of the end of 2022, the client funds held by the broker came in at £3.6 million, a 35% decrease from £5.5 million in 2021.
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