NEWS
Continuous Linked Settlement (CLS), a leading provider of forex settlement and aggregation services, has released its financial report for the fiscal year ending December 31, 2023. The report shows a yearly revenue of £276.7 million, marking a 9.2% increase from £253.3 million in 2022.
Throughout the twelve-month period, CLS reported operating expenses of £280.1 million, a 14.4% rise from the £244.9 million spent the previous year. This led to a loss from operations of £3.4 million, a significant shift from the profit of £8.4 million recorded in 2022.
The profit before tax for 2023 was £2.6 million, a substantial 71.7% decrease from the £9.2 million achieved in the prior fiscal year.
CLS’s assets at the end of the year remained steady at £402.6 million, nearly unchanged from the £402.2 million reported the previous year. The company’s total equity stood at £321.7 million at the end of 2023, slightly down from £329.0 million in 2022.
Fxnewsroom.com – Real-time Forex News and the latest trading updates.
