GMI UK's 2023 Revenues Experience 37% Decrease

The UK entity of Global Market Index Limited (GMI), an FX and CFD broker, has seen a decline in revenues for the year 2023 ending December 31, 2023, to £616,570 compared to £981,141 in 2022, an approximately 37% of decrease.

GMI UK’s administrative expenses increased to £632,317 in 2023 from £506,199 in the previous year. The company's operating loss for 2023 was £15,747 compared to a profit of £474,942 in the prior year.

Profit before tax for 2023 was £29,528, down sharply from £476,740 in 2022. Profit for the financial year plunged 93.9% to £23,676. GMI UK ended the year with net assets of £1.36 million compared to £2.33 million at the end of 2022.