HANTEC MARKETS TURNS PROFIT IN FY 2020 WITH REVENUE OF £7.88 MILLION

The FCA-regulated firms latest report, which covers the 18-month period from July 2019 to December 2020, was characterized by improved metrics in areas ranging from operating income to revenues.

Of note, Hantec Markets changed its fiscal year period to adopt January-December as the new business year, thereby signaling an end to the July-June period used since its inception.

The move is aimed at aligning the companys financial accounting and fiscal policies with the vast majority of its global peers. The standardization would also ensure uniformity in collection and analysis of operational data from its foreign subsidiaries.

In terms of the aggregated financial results, by the end of December 2020, Hantec Markets put together a strong year-over-year performance relative to 2019 figures, according to its latest filing with the UKs Companies House.

Specifically, Hantec Markets witnessed a notable advance in its operating revenues, which came in at £7.88 million – this figure shows an uptick from the £3.85 million reported back in the same period a year ago.

However, considering the longer reportable period for the FY2020, the growth was less impressive. This was reflected into the administrative expenses, which nearly doubled year-on-year, coming in at £7.5 million relative to £4.25 million the year prior.