Hantec Markets Revenue 2022

Hantec Markets Sees 7% Revenue Growth in 2022!

Hantec Markets, the global CFD and Forex broker, has shared its latest financial report, revealing a significant increase in annual revenue despite experiencing a net profit loss in 2022.

In a testament to the company’s unwavering commitment to enhancing its platform and services, Hantec Markets announced that it had achieved another year of impressive financial performance. For the 12 months ending on December 31, 2022, the multi-asset broker reported a 7% increase in annual revenue. This reached £5.76 million, up from the previous year’s figure of £5.39 million.

Hantec Markets Sees 7% Revenue Growth in 2022, Despite Profit Loss.

The company’s financial report also highlighted an uptick in the value of its assets. This rose by almost 1%, from £5.98 million in 2021 to £6.03 million in 2022. However, the report also showed that Hantec Markets faced challenges in improving its overall financial performance, as several key financial metrics, including profit, mirrored results from the previous year.

Notably, Hantec Markets recorded an operating loss of £85,367 and a final net loss of £83,968. This is primarily attributed to increased administration costs of approximately £400,000, which totaled £5.84 million. In contrast, in 2021, Hantec Markets’ UK operations had reported a modest net profit of £26,873. Despite these setbacks, the company maintains an optimistic outlook. It believes it is well-positioned for future progress in the coming year.

Hantec Markets Group CEO Bashir Nurmohamed commented on the company’s performance, stating, “The brokerage’s growth aligns with the board’s expectations. Given the intensified competition and regulatory environment within the industry, compounded by the challenges brought on by the global COVID-19 pandemic, the financial results for the 2022 period are deemed satisfactory.” Nurmohamed’s remarks underline the company’s resilience in a dynamic financial landscape and its determination to face challenges head-on.

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