XTB's Quarterly Profit Quadruples and Beats Forecasts as Clients Trade Less
By Damian Chmiel
AI summary of the source article
XTB's third-quarter net profit quadrupled year on year to PLN 213.7 million, beating analyst estimates. Revenue climbed 65.9% to PLN 623.3 million, driven primarily by strong returns from commodity CFD trading.
Key facts
- Q3 net profit rose fourfold year on year to PLN 213.7 million, beating analyst forecasts by 6.4%.
- Revenue grew 65.9% to PLN 623.3 million, with commodity CFDs producing 70.8% of the gross result on financial instruments.
- XTB added 335,704 new clients in the quarter, expanding its active client base by 70.3% to 1.57 million.
Source excerpt · Finance Magnates
XTB's third-quarter net profit rose fourfold from a year earlier to PLN 213.7 million (about $54 million), the Warsaw-listed broker said today (Wednesday). The preliminary figure came in 6.4% above the PLN 200.8 million average of five analyst forecasts. That is still less than half the PLN 492.2 million XTB earned in the second quarter, a drop analysts had expected as markets calmed . Revenue ros…