Flow Traders Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 11:00 am IST
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Flow Traders Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 67.6 million compared to EUR 111.8 million a year ago. Revenue was EUR 67.7 million compared to EUR 111.7 million a year ago. Net income was EUR 6.3 million compared to EUR 33.8 million a year ago. Basic earnings per share from continuing operations was EUR 0.15 compared to EUR 0.78 a year ago. Diluted earnings per share from continuing operations was EUR 0.14 compared to EUR 0.75 a year ago.
For the nine months, sales was EUR 227.6 million compared to EUR 344.5 million a year ago. Revenue was EUR 229.6 million compared to EUR 343.1 million a year ago. Net income was EUR 29.8 million compared to EUR 97.4 million a year ago. Basic earnings per share from continuing operations was EUR 0.69 compared to EUR 2.23 a year ago. Diluted earnings per share from continuing operations was EUR 0.66 compared to EUR 2.16 a year ago.
Flow Traders Ltd. is a principal trading firm. The group is a leading global technology-enabled liquidity provider specialized in Exchange Traded Products (ETPs). The group enables investors to buy and sell ETPs efficiently by quoting bid (buying) and ask (selling) prices on many exchanges simultaneously. Flow Traders Ltd. provides liquidity in a wide range of ETPs across the globe, tracking all asset classes including equities, fixed income, commodities and currencies.
In addition to providing liquidity on exchanges and on other trading venues, the group provides liquidity in ETPs off-exchange on a request-for-quote basis to over 2,400 institutional counterparties such as banks, asset managers, pension funds, insurance companies, family offices, hedge funds and others in 40 countries.