|
09.28.07, 6:50 AM ET
LONDON (Thomson Financial) - Worldspreads Group PLC said it sees pretax profits for the six months ending September 30 to be significantly above its initial expectations for the first half, boosted by greater than expected levels of growth in its key performance drivers, including client acquisition and client trading activity.
The supplier of spread betting products also said it is confident about its prospects for the second half of the financial year, while acknowledging that it has benefited from the recent market volatility.
The group said its London-based operations are ahead of expectations while its Dublin-based operations significantly exceeded forecasts in all key areas.
The company added its international sales operations have also traded ahead of targets particularly in Hungary and Spain, where Worldspreads has revenue sharing arrangements with local partners. |
|