Jan 10 (Reuters) – Plus500 (PLUSP.L) said Monday it expects annual results to exceed market expectations even as the online trading platform reported slower growth in the fourth quarter than the previous quarter due to weak client trading performance.
The company reported annual revenue of $718 million, with fourth-quarter revenue down 24% compared to the previous quarter. Plus500 expects to post a base profit of $387 million for the year ended December 31.
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Additional reporting by Sinchita Mitra in Bengaluru; Editing by Sherry Jacob Phillips
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