FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings announces its best results for the first half of 2018. The total revenue hits £18.6 million, up by 28% over the second half of 2017.
LCG Chief Executive Comments on the Group Performance
Mukid Chowdhury, LCG Group Chief Executive, commented on the results and said that all of the efforts made by the team returned LCG to profitability and improvement. The encouraging results demonstrate the LCG performance in the industry. Their way of product offering and customer serving conditioned the revenue growth and clients’ trust despite the challenging trading conditions and uncertainty in regulations.
He also mentioned that in regards to the changes in the regulatory landscape, the services offered to the clients will be affected, especially about the level of leverage. However, LCG still continues working on the highest standards at this point and their goal is to get as much profit as possible from the business to be able to bring long-term sustainable growth.
The Chief Executive talks about the company’s reputation as well. Since LCG has been in the industry for over 20 years, it is one of the leading providers for now having the loyal client base and the ability to be advantageous and competitive in the trading process. The group can stay fully focused and adaptive to the changing regulatory environment.
How London Group Capital Keeps Improving
In spite of the lower market volatility, London Capital Group continues delivering increased revenues and efficiency across the business and the team works hard for client acquisition and their activity in the industry to return the company to profitability.
In these challenging conditions existing in the market, the Group struggles to improve the technology, marketing, sales and increase the quality of their performance. For the current situation, we can say that LCG is definitely able to step forward when the trading conditions are not very welcoming and at the same time the Group can take full advantage when the market is favorable.
After the end of the first half of the year, London Capital Group went private with operations of the brokerage transferred to SLCG International DMCC (the private company). From the issued share capital of LCGL, the broker, the publicly traded company holds 8.5%.
Nex exchange classifies the publicly traded company as an investment vehicle, which is going to look for the clients and investments in the financial technology sector.