Home Trading NAGA Group reports a 51% increase in revenue for H1 2022

NAGA Group reports a 51% increase in revenue for H1 2022


The number of transactions for the period was down 4.2 million, which the company attributed to its withdrawal from the UK market, and trading volume came in at €69 billion, compared to 5.7 million transactions and trading volume of €132 billion, registered in the first half of last year.

Clients also fell to €24 million from €33.5 million in H1 2021. From 17,382, there were 19,233 active customers.

NAGA obtained licenses for Estonian and Seychelles earlier this year and confirmed its plans to re-enter UK markets.

NAGA has stated:

The targeted re-entry in the UK market is central to our growth goals. By year-end 2021, we had exited the UK – NAGA’s best market to date and also the largest CFD market in the world – and had to reallocate budgets to other countries, resulting in various inefficiencies (including an increase in customer acquisition costs). By Q2 2023, we plan to re-enter UK and activate our existing customers. This will allow us to immediately achieve EBITDA benefits at minimal costs.

LeapRate first published the post NAGA Group experiences a 51% increase in H1 revenue in 2022

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