(Reuters) – Plus500 mentioned on Monday it expects annual results to exceed market expectations at the same time as the net buying and selling platform reported a slower fourth-quarter development as in contrast with the earlier quarter on weak buyer buying and selling efficiency.
The firm posted an annual income of $718 million, with fourth-quarter income down 24% versus the prior quarter. Plus500 expects to report a core revenue of $387 million for the yr ended Dec. 31.
(Reporting by Sinchita Mitra in Bengaluru; Editing by Sherry Jacob-Phillips)
