XTB Board Approves 2020 Dividend at PLN 1.79 Per Share

X-Commerce Brokers’ board of administrators on Friday accepted a dividend of PLN 1.79 per share, representing a rise of 750% from the earlier payout. The dividend shall be paid on April 30 to shareholders of file as of April 21.

The XTB board has licensed the corporate to pay PLN 210.1 million ($54.7 million) of its 2020’s web revenue. Additional, it determined to allocate the remaining a part of the corporate’s web revenue, within the quantity of PLN 208 million, to its reserve capital.

“The advice of the Firm’s Administration Board is according to XTB’s dividend coverage, which gives for recommending to the Basic Assembly of Shareholders a dividend cost on the degree of 50- 100% of the Firm’s standalone web revenue for a given monetary yr, making an allowance for elements similar to the necessity to guarantee an acceptable degree of the Firm’s capital adequacy ratios and the capital needed for the Group’s growth, in addition to taking into consideration the rules of the Polish Monetary Supervision Authority,” the Poland-based Foreign exchange and CFDs dealer mentioned.

XTB had spectacular development in 2020 in comparison with the yr earlier, having reported its working revenues at $213 million, or PLN 798 million, which was practically thrice greater than the PLN 240 million the corporate reported in 2019.

Probably the most vital change throughout XTB’s monetary outcomes got here relating to its yearly web revenue, which jumped to $107 million (PLN 402 million), which is up 600 % when in comparison with $14.89 million (PLN 57.7 million) web revenue a yr earlier.

As well as, XTB registered an growing variety of energetic accounts with 72,346 as of This fall of 2020, rising steadily from 30,815 in This fall of 2019, or 140 % year-over-year. Moreover, new accounts have been on the uptick, swelling threefold year-over-year to 38,413 in This fall of 2020, relative to simply 10,424 accounts in This fall of 2019.

XTB expects its advertising technique to yield extra purchasers in 2021, referring to its current partnership with José Mourinho, one of many world’s finest soccer managers, who has develop into its new model ambassador.

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