Dukascopy Bank has reached a new record in total income at CHF 17.2 million, 1.6% above the first semester 2015 which already was a record semester.
Due to higher operating expenses ( 15.2%) reflecting IT developments and new marketing initiatives, the half year net profit is 25.8% below the same period 2015 but still is very satisfactory at CHF 2.5 million.
At Group level, consolidated total income is 2.4% above the first semester 2015 at CHF 18.1 million. However, the initial losses of our new subsidiary Dukascopy Japan, which is in launching phase, negatively affected the half-year consolidated net profit which amounts to CHF 1.9 million. Dukascopy Japan is showing promising growth and is expected to break-even in 2017.
Those figures reflect a very solid performance and continued stability in Dukascopy Bank and Dukascop Group financial situation.
We thank our clients, employees and counterparties for their trust and loyalty.
Complete individual and consolidated balance sheets and statements of income are available here.