BinckBank: sharp rise in 2018 adjusted earnings
(CercleFinance.com) - BinckBank has posted FY 2018 adjusted net income of 35.
5 million euros, well above the 8.5 million euros in 2017, resulting in 2018 adjusted EPS of 0.53 euros, after 0.13 euro in 2017.
This net income includes consulting expenses relating to the preparation of the proposed merger with Saxo Bank, the contribution from the sale of the shares in Think ETF Asset Management and a one-off tax benefit on deferred tax liabilities.
The number of transactions processed by BinckBank last year increased by 28% to 9.9 million, although BinckBank's assets under management fell to 0.9 billion euros at the end of 2018, compared to 1.1 billion euros a year earlier.
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5 million euros, well above the 8.5 million euros in 2017, resulting in 2018 adjusted EPS of 0.53 euros, after 0.13 euro in 2017.
This net income includes consulting expenses relating to the preparation of the proposed merger with Saxo Bank, the contribution from the sale of the shares in Think ETF Asset Management and a one-off tax benefit on deferred tax liabilities.
The number of transactions processed by BinckBank last year increased by 28% to 9.9 million, although BinckBank's assets under management fell to 0.9 billion euros at the end of 2018, compared to 1.1 billion euros a year earlier.
Copyright (c) 2019 CercleFinance.com. All rights reserved.