GAIN Capital Holdings, Inc., a Bedminster, New Jersey-based bank and a leading global provider of online trading services, just announced its fourth quarter and full year financial results.
With earnings of 41 cents per share, the company reported a revenue of $114.7 million in a fourth quarter period and a profit of $17.6 million. And for the full year, with 71 cents per share GAIN Capital posted a profit of $31.6 million and revenue of $369.5 million.
Glenn Stevens, CEO of GAIN Capital, said that the company ended 2014 with an exceptionally strong quarter. They capitalized on improved market conditions in order to increase their business’ customer engagement, boost trading volumes and attract new customers.
Mr. Stevens was also happy to share that the retail OTC trading volume and revenue both grew by more than 35%, and the company ended the year with record funded accounts.
The CEO further said, “Our focus on growing our commission-based businesses also continues to deliver results, with commission-based revenue up by 30% from a year ago. This positive growth, combined with our disciplined management of fixed operating expenses allowed us to deliver record quarterly revenue and net income of $114.7 million and $17.6 million, respectively.”
2014 was generally a good year for GAIN Capital as the company managed to grow its business both organically and through M&A and diversifying its revenues across products, customers types and geographies. Not only did it produce an impressive revenue of $369.5 million, but also managed to up their commission-based businesses’ annual revenue from 23% in 2013 and 14% in 2012.
These positive performances are further fueled by the company’s success acquisition and integration of GFT as well as the London-based City Index, proving GAIN Capital’s reliability and solid position as an industry consolidator.
This year, Mr. Stevens said, they’re aiming to produce better revenues and profits as well as improve client engagement and trading volumes.