Plus500 H1 profits fall 43%, launches $60m share buyback

(Sharecast News) - Contract-for-difference platform Plus500 on Monday reported a 43% in half-year profits and said it was starting a $60m share buyback. Interim core profit rose came in at $174m compared with $305.3m a year earlier. Group revenue fell 28% to $368.5m.

Customer income, a key measure of the group's underlying performance, was up 2% to $304.3m.

Reporting by Frank Prenesti for Sharecast.com