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Plus500 Witnesses Strong Revenue Growth in Q2 and H1 2024
Leading retail FX and CFD broker Plus500 has released a detailed trading update for the second quarter (Q2) and first half (H1) of 2024, demonstrating strong financial performance.
The company reported that its revenue for Q2 2024 rose to $182.6 million, a significant 14% increase compared to the same period last year. This growth was driven by increased market activity and expanded customer engagement.
Total revenues for H1 ended June 30, 2024, were $398.2 million, an 8% increase year-over-year, highlighting the company’s sustained momentum in revenue generation.
Plus500's strong financial position was boosted by cash balances of more than $1 billion as of June 30, 2024. This enabled the company to return approximately $175 million to shareholders through dividends and share repurchases in H1 2024.
The broker also reported that 56,759 new clients were onboarded in H1 2024, contributing to a solid active client base of 175,909.
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