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CMC Markets FY Pretax Profit Declines; Net Operating Income At Top End Of Its Guidance

CMC Markets Plc (CMCX.L) reported profit before tax of 92 million pounds for the year ended 31 March 2022 compared to 224 million pounds, prior year. Earnings per share was 24.7 pence compared to 61.2 pence.

Total revenue declined to 326.64 million pounds from 462.05 million pounds, previous year. Net operating income declined to 281.9 million pounds from 409.8 million pounds.

Looking forward, the Group expects investment in growth initiatives to result in a 30% increase in net operating income over the next three years. The Group expects benefits to be seen from 2023 and to deliver profit before tax margin expansion from 2024.

The Board recommended a final dividend of 8.88 pence per share, resulting in a total dividend payment for the year of 12.38 pence per share.

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