Swissquote: Hits 13-yr high on expectations to more than double H1 profit
17/06/2020 09:00
** Shares in Swissquote SQN.S jump 9% after the
Switzerland-based online financial services provider says it
expects its H1 pre-tax profit to grow by over 120% urn:newsml:reuters.com:*:nFWN2DT0YQ
** Thanks to increased customer activity on Swissquote's
trading platforms, the company's profit should exceed CHF 56
million ($59 million) in H1, it says
** Swissquote previously anticipated a 10% increase in
first-half net sales and profits urn:newsml:reuters.com:*:nFWN2B91WO
** A revised outlook taking into account a "more prudent"
second half of the year will be provided in August, Swissquote
says
($1 = 0.9485 Swiss francs)
((zuzanna.szymanska@tr.com))