- Tradeslide Trading Tech Limited reports a 54% profit increase to €582,000 for 2023, despite a revenue decline to €7 million.
Tradeslide Trading Tech Limited, the parent company of the Darwinex brand in the UK, has released its financial results for the year 2023, revealing a notable increase in profits despite a decrease in revenue.
The firm reported a 54% profit increase, climbing from €377,000 to €582,000. However, its operating profit fell by 45%, down to €252,566 from €466,812. Over an 18-month period ending December 2022, the company’s equity surged by 29%.
While turnover decreased from €9.6 million to €7 million and gross profit fell from €7.8 million to €5.3 million, Tradeslide emphasized that it improved its gross profit margins and optimized fixed costs.
The company remains focused on reinvesting incremental revenue to scale its operations. The recently established partnership with Interactive Brokers (IBKR) is expected to broaden their customer base and enhance service offerings.
