Plus 500 increases its 2018 interim dividend by 477%

DividendMax Ltd.

Plus 500 increases its 2018 interim dividend by 477%

Plus 500 interim results

Record first half results benefitted from:

o Exceptional first quarter combined with a good second quarter performance

o Active Customers - significant increase of 121% to a record level of 248,564 (H1 2017: 112,317)

o New Customers - growth of 75% to 94,148 (H1 2017: 53,881)

o ARPU - increased 12% to $1,873 (H1 2017: $1,678)

o AUAC - decreased 19% to $677 (H1 2017: $836)

·   Interim dividend - significant increase in shareholders returns reflecting the outstanding first half performance; a total interim payout of $157.0 million (H1 2017: $27.2 million) or $1.3786 per share (H1 2017: $0.2388) declared in relation to the period

 

Operational Highlights:

·   Strong progress and trading activity:

o Plus500's internationally regarded brand strengthened further due to the Group's technology  

             edge and unique omni-channel offering 

o Total number of transactions in H1 2018 increased by 51% in comparison to last year

o Geopolitical events resulted in higher than expected market volatility with new and existing customers trading a diverse range of instruments

·   Continued expansion of global presence and diversification of revenues outside the European Economic Area ("EEA"):

o New Commodity Broker's Licence issued to Plus500SG Pte. Ltd. in Singapore

o Australian revenues seven times last year, driven by a fivefold increase in Active Customers

·   Listing and admission to trading on the premium segment of the London Stock Exchange's Main Market completed on 26 June 2018

 

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