- Vantage Global Prime LLP reported a decline in turnover to £1.91 million for FY 2024, down from £2.02 million in 2023.
- The company’s operating profit dropped significantly to £76K in FY 2024, compared to £197K in the previous year.
Vantage Global Prime LLP, a UK-based retail FX and CFD broker, has reported a significant drop in profit for the financial year ending June 30, 2024.
Turnover fell from £2.02 million in 2023 to £1.91 million in 2024, while gross profit decreased to £1.77 million compared to £1.91 million the previous year.
Despite a slight reduction in administrative expenses, which were cut from £1.71 million to £1.7 million, the company’s operating profit dropped sharply to £76K from £197K in 2023.
There were no interest expenses or income recorded for 2024, contributing to a decline in profit before members’ remuneration to £76K, down from £197K the previous year.
In response to these financial results, Vantage introduced new features like multi-currency support and TradingView integration to improve their services.
