Zenfinex 2023 Results: Revenues Surge, Operating Losses Widen

London-based online trading platform Zenfinex (now Taurex) unveiled its financial performance for the 2023 fiscal year ending 31 December 2023, reporting a revenue of £848,306.

Despite a significant 71.2% increase in revenue from £494,265 in the previous year, the direct cost amounted to £196,627.

Zenfinex’s gross profit in 2023 also grew significantly from the previous year standing at £651,679, while administrative expenses surged to £2,940,948 compared to the prior year. This resulted in an operating loss of £2,289,269 in 2023, much higher than 1,731,133 in 2022.