The Plus500 Company's shareholder return policy has been to return at least 60% of net profits to shareholders as a normal return on a half yearly basis, with at least 50% of this distribution being made by way of dividends. In addition, the Board will also consider paying of special dividends at each year end.
Other financial highlights:
Total revenue of $564.2 million and EBITDA of $361.8 million during H1 2020, representing year-on-year growth of 281% and 452% respectively, driven by heightened volatility in unprecedented market conditions and the high quality and consistent performance of Plus500's technology platform
Record levels of Customer Incom of $556.9 million, up 218% on H1 2019, highlighting strong underlying performance, with more than 47 million customer trades during the period (H1 2019: 17.5 million customer trades), with Customer Trading Performance contributing just 1% of total revenue
Unprecedented levels of New Customers and Active Customers, with client deposits of $1,653.4 million during the first half of 2020 (H1 2019: $467.1 million) representing growth on H1 2019 of 254%, and relatively low levels of customer churn
Attractive shareholder returns continue in line with Company's shareholder returns policy, 60% of H1 2020 Net Profit to be distributed to shareholders
o Share buyback programmes, amounting to $38.9 million completed during H1 2020
o New share buyback programme of $67.3 million announced today