Aquis Exchange PLC (AQX.L), a creator and facilitator of next-generation financial markets, has this morning announced its audited results for the year ended 31 December 2023.
Highlights Include:
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A strong financial performance with double-digit revenue growth and continued profit growth in all divisions despite challenging market conditions.
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Net revenues up 13% to £22.7m.
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Profit before tax up 15% to £.5.2m.
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Aquis Technologies signed a new contract with a central bank.
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Aquis Markets increased its market share following change to proprietary trading rules in November 2023.
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Aquis Stock Exchange admitted the most new companies of any growth exchange in the UK for the second year running.
Alasdair Haynes, CEO, commented:
“I am really pleased to announce that the Aquis Group has continued to deliver a strong performance with double digit revenue and profit growth across all divisions, despite some of the most challenging market and economic conditions we have ever seen, which have continued into the first quarter of 2024.
“This makes it all the more noteworthy that Aquis was able to deliver growth across all its divisions, with significant progress made on a number of strategic initiatives, including an increase in the pan-European market share of our Aquis Markets division, and a significant Technology contract secured with a central bank.
“Aquis has a proven track record of growth since our IPO in 2018, and we’re more excited than ever about the opportunities ahead for all of our divisions: from the global reach of our leading technology to the strength of our market share, and the disproportionate upside for Aquis as the UK and EU head towards a consolidated tape. Supporting this confidence is our strong cash position, which enables us to grow and innovate further in coming years.”
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