IronFX UK Doubles Revenue to $1.4 Million in 2024, Net Profit Slips Slightly

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.