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Equiti Capital Reports 17% Increase in Revenue in 2020
Equiti Capital UK Limited(Equiti UK), the UK arm of financial services provider Equiti Group, has posted its financials in 2020, revealing a jump in revenue.
More specifically, the broker registered a revenue of $33.1 million, increased by 17% compared with $28.3 million in 2019. Net profit came in at $1.4 million, compared with a loss of $1.0 million in 2019.
Gross profit for the year stood at $23.6 million, higher than the prior year's $19.3 million. In addition, profit from operations totaled $420,731, and profit before tax approached $1.4 million.
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