LONDON, July 2, 2024
/PRNewswire/ -- Sucden Financial, the multi-asset execution,
clearing and liquidity provider, has reported positive audited
financial results for the year ending 31
December 2023, with profit and total net assets increasing
significantly.
Key highlights
- Profit before taxation of £23.9 million, against £18.4 million
in 2022
- Total net assets of £168.5 million, against £160.7 million in
2022
- Net revenue of £69.7 million, against £79.8 million in
2022
"Sucden Financial achieved another strong performance in 2023,
with profits up by more than 30% and delivered significant returns
for shareholders following the completion of a number of strategic
initiatives in the year. We are well-positioned to deliver further
growth in the year ahead as we adapt to changing market conditions
and further develop our products and systems to create new
opportunities for clients. I am excited by Sucden Financial's
prospects and our team's ability to continue delivering on our
prudent long-term growth strategy."
Marc Bailey - Chief Executive
Officer
About Sucden Financial
With a history and heritage in commodity futures and options
trading, Sucden Financial has evolved and diversified to become a
leading global multi-asset execution, clearing and liquidity
provider across FX, fixed income, and commodities.
Sucden Financial has a proven track record of over 50 years in
financial markets. Since its foundation in 1973, it has been
supported by its parent, Sucden, one of the world's leading soft
commodity trading groups, while remaining fully independent in its
day-to-day trading operations.
Sucden Financial Limited is authorised and regulated by the
Financial Conduct Authority.
twitter.com/SucdenFinancial
linkedin.com/company/sucden-financial/
www.sucdenfinancial.com
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Media contact: Robert Cantle or
Rosetta Smith, 020 3207
5280, press@sucfin.com
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