ADSS reports a 362% jump in profit in 2021 for £4.14 million, up from £3.01 million a year earlier.

The UK branch of Abu Dhabi-based brokerage group ADS Securities London Limited published its financial statements for the 2021 fiscal year, which ended December 31 with a 50% jump in revenue to over £4.5 million. On the other hand, UK entities' revenues fell 34% year-on-year when revenues from transfer pricing activities were excluded.

These figures are for FCA-regulated UK ADSS brand operations only and do not include other global entities. Although direct costs to UK companies increased significantly by 362%, gross profit was £4.14 million, up from £3.01 million a year earlier.

In addition, administrative costs increased from £2.76 million to £3.72 million and an increase was also seen in operating profit of £417,018 versus £249,381. So, we can say ADSS broker closed 2021 with a profit of £376,583, an increase of more than 90% year-on-year. ADSS UK will continue to implement a strategic focus on the retail and professional client sector in the UK.

adss

 

About ADSS

The British entity of ADSS is under ADS Holding LLC with Mahmood Al Mahmood as the owner. The company offers trading services with forex instruments and contracts for difference (CFD) from several other asset classes.

Some time ago, ADSS appointed Tareq Haddad as Compliance Director, and Sophia Salim as Chief Product and Innovation Officer. Furthermore, Mark Hudson also joined as Group's Chief Human Resource Officer last month.