Home News NAGA Group experiences a 51% rise in revenue in H1-2022

NAGA Group experiences a 51% rise in revenue in H1-2022

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The number of transactions for the period was down 4.2 million, which the company attributed to its withdrawal from the UK market, and trading volume came in at €69 billion, compared to 5.7 million transactions and trading volume of €132 billion, registered in the first half of last year.

Clients also fell to €24 million from €33.5 million in H1 2021. From 17,382, 19,233 customers were active.

NAGA has already secured licenses from Estonia and Seychelles and has announced its intention to re-enter UK.

NAGA has stated:

Our growth goals include the targeted re-entry to the UK market. By year-end 2021, we had exited the UK – NAGA’s best market to date and also the largest CFD market in the world – and had to reallocate budgets to other countries, resulting in various inefficiencies (including an increase in customer acquisition costs). Our goal is to re-enter UK markets and reactivate existing customers by Q2 2023. This will allow us to immediately achieve EBITDA benefits at minimal costs.

LeapRate’s first article, The post NAGA Group Sees 51% Jump in Revenue in H1 2022 appeared originally on LeapRate.



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