LONDON, September 30, 2011 /PRNewswire/ --
The Board of WorldSpreads Group plc ('WorldSpreads' or the
'Company') is pleased to provide the following trading update for
the six month period ending 30 September
2011.
The Company has continued to enjoy increased levels of business,
as represented by Active Clients and Trade Numbers, in the period
since 31 March 2011, driven partly by
higher levels of volatility in the financial markets. In
particular, the month of August was the busiest trading month in
the history of the Company. The Company has maintained a
conservative hedging policy during this period and expects to
announce top line revenues comfortably ahead of the same period
last year.
The Company has continued its international expansion during the
period and is now seeing positive returns from the investment it
has made in these markets. The Company is pursuing a number of new
opportunities both internationally and in the UK which the Board
expects to contribute to top and bottom line growth in the current
financial year. Further investment in the Company's IT
infrastructure has been made and the Company is expecting to launch
a new mobile trading platform and a CFD platform before the
calendar year end. The Company continues to maintain a tight
control over its cost base.
The Board is satisfied with the progress the Company has made in
the past six months and is encouraged by the pipeline of
opportunities the Company has to fuel growth in the coming
periods.
Annual Report and Accounts
WorldSpreads Group plc announces that copies of its Annual
Report and Accounts for the financial year ended 31 March 2011 were posted to shareholders on
29 September 2011. An electronic copy
of the Report and Accounts is available from the Company's website
at http://www.worldspreads.com.
About WorldSpreads Group plc:
- WorldSpreads Group plc (AIM: WSPR) is a fast growing financial
services group offering online and telephone trading. The Group's
core activity is the provision of spread betting products on the
financial markets to retail clients from its website
http://www.worldspreads.com.
- WorldSpreads Limited, a wholly-owned trading subsidiary of
WSPR, is regulated and authorised by the Financial Services
Authority and is authorised to offer its products
throughout Europe. It offers a full range of spread betting
prices on all the major financial markets, including stock indices,
individual shares, currencies, commodities and interest
rates.
- The Group floated on the London Stock Exchange's AIM market in
August 2007 and gained a dual listing
by joining the Irish Stock Exchange's ESM market in May 2008.