HONG KONG–(BUSINESS WIRE)–MultiBank Group, one of the world’s largest online financial derivatives providers, reports record numbers, with Q1-Q3 results up 49% ANNUAL. The Group recorded a gross margin of more than US$94 million for the period from January to September 2020, which represents a substantial increase compared to US$63 million for the same period in 2019.
Impressive, the MultiBank group turnover exceeds 2 trillion US dollars for Q1-Q3 in 2020, which already exceeds the 2019 annual revenue of $1.9 trillion USD, setting them up for record financial year overall.
MultiBank Group continued to see growth in its key indicators year on year, supported by outstanding performance in its key strategic areas and the dexterity of the technology infrastructure.
Geographically, the Group continues to expand and targets key markets. Greater China was the largest source of revenue in fiscal 2019 with a 36% share of total revenue. However, since moving its headquarters to Hong Kong and the United Arab Emirates; MultiBank’s regional sources of revenue are increasingly diversified across the rest of Asia, the Middle East and Latin America.
Naser Taher, Chairman of MultiBank Group, says:
“It has been an incredible year so far and we are extremely motivated by the results so far and look forward to ending 2020 in an exceptionally strong position. MultiBank Group continues to deliver on its vision of providing our customers with award-winning technologies and services, namely a fully automated exchange platform, global brokerage and highly developed asset management solutions.
For more information about the MultiBank Group, please visit www.multibankfx.com.