CMC Markets Expects FY 2022 Net Operating Income at Top End of Guidance

By Sabela Ojea

CMC Markets PLC said Friday that it expects to report net operating income for fiscal 2022 at the top end of its guidance.

The London-listed online trading platform said net operating income for the year ended March 31 is expected to be around 280 million pounds ($ 366 million).

The company said it delivered its financial year’s strongest quarterly performance in the final period.

CMC Markets said full-year operating costs are expected to rise to GBP173 million from GBP168 million in the previous year. These costs are linked to higher personnel expenses to achieve strategic goals, it said.

“Fiscal 2023 will be another year of investment in … strategic initiatives, which aim to deliver future revenue growth,” the company said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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