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IronFX UK Doubles Revenue to $1.4 Million in 2024, Net Profit Slips Slightly
By: finance magnates|2025/05/07 00:30:04
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Notesco UK Limited, which operates the brokerage brandIronFX in the United Kingdom, has released its financial results for the yearended 31 December 2024. The company reported a significant increase in revenueduring the period. Revenue Doubles, Administrative Expenses Surge Revenue rose to $1.44 million in 2024, more than double the$702K reported in 2023. Gross profit was equal to revenue, as no cost of saleswas recorded. Administrative expenses increased sharply to $1.28 million,up from $544K in the previous year. Despite the rise in expenses, operatingprofit remained positive at $163K in 2024, slightly higher than the $157Kreported in 2023. Income tax expense rose to $38K, compared to $31K in theprior year. As a result, net profit for 2024 was $124K, a marginal decreasefrom the $125K reported in 2023. Notesco UK Limited, which operates the brokerage brandIronFX in the United Kingdom, has released its financial results for the yearended 31 December 2024. The company reported a significant increase in revenueduring the period. Revenue Doubles, Administrative Expenses Surge Revenue rose to $1.44 million in 2024, more than double the$702K reported in 2023. Gross profit was equal to revenue, as no cost of saleswas recorded. Administrative expenses increased sharply to $1.28 million,up from $544K in the previous year. Despite the rise in expenses, operatingprofit remained positive at $163K in 2024, slightly higher than the $157Kreported in 2023. Income tax expense rose to $38K, compared to $31K in theprior year. As a result, net profit for 2024 was $124K, a marginal decreasefrom the $125K reported in 2023.
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