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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Worldspd | LSE:WSPR | London | Ordinary Share | IE00B2357Y89 | ORD EUR0.015 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 37.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON, September 30, 2011 /PRNewswire/ --
The Board of WorldSpreads Group plc ('WorldSpreads' or the 'Company') is pleased to provide the following trading update for the six month period ending 30 September 2011.
The Company has continued to enjoy increased levels of business, as represented by Active Clients and Trade Numbers, in the period since 31 March 2011, driven partly by higher levels of volatility in the financial markets. In particular, the month of August was the busiest trading month in the history of the Company. The Company has maintained a conservative hedging policy during this period and expects to announce top line revenues comfortably ahead of the same period last year.
The Company has continued its international expansion during the period and is now seeing positive returns from the investment it has made in these markets. The Company is pursuing a number of new opportunities both internationally and in the UK which the Board expects to contribute to top and bottom line growth in the current financial year. Further investment in the Company's IT infrastructure has been made and the Company is expecting to launch a new mobile trading platform and a CFD platform before the calendar year end. The Company continues to maintain a tight control over its cost base.
The Board is satisfied with the progress the Company has made in the past six months and is encouraged by the pipeline of opportunities the Company has to fuel growth in the coming periods.
Annual Report and Accounts
WorldSpreads Group plc announces that copies of its Annual Report and Accounts for the financial year ended 31 March 2011 were posted to shareholders on 29 September 2011. An electronic copy of the Report and Accounts is available from the Company's website at http://www.worldspreads.com.
About WorldSpreads Group plc:
Copyright 2011 PR Newswire
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