Plus500 sees annual results beating market forecasts despite weaker Q4

Online trading platform Plus500 expects annual results to exceed market expectations despite reporting a slower fourth-quarter growth.

Plus500 was hit by weak customer trading performance in the fourth quarter.

The company posted an annual revenue of $718 million, with fourth-quarter revenue down 24% compared to the previous quarter.

Plus500 expects to report a core profit of $387 million for the year ended Dec. 31.