Equiti Capital UK Limited, a division of brokerage firm Equiti Group, has released its financial report for 2022, reporting a significant increase in revenue.
The brokerage's revenue for 2022 increased by 22% to $39.6 million, while net profit decreased by $2.1 million to $1.6 million compared to last year.
The company said the growth was fueled by investments in digital marketing, product development, and technical capabilities.
According to information published on the FNG website, the company has net assets of $37.8 million, with retained earnings of Equiti Capital UK Limited increasing by 37% over the year.
It is worth noting that Equiti Capital's success has allowed it to move into a prestigious office in London Wall.
The broker said it expects a more flexible and diversified business with increased client flow and transaction volumes, both within the division and across the wider Equiti group.
"2022 was a great year for Equiti Capital. Expanding our team, upscaling our facilities, and achieving impressive transactional volumes and growth have positioned us well to maintain our trajectory in the year ahead," said Liam Conway, CEO of Equiti Capital.
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