Saxo Bank saw its operating income has improved in the first half of 2021 as they reported high net profits of DKK512 million.
The Group reported a net profit of DKK512 million for the first half of 2021.
Saxo Bank Group, one of the most reliable online trading service providers, has just released financial reports for the first half of 2021. Saxo Bank managed to record operating income reaching DKK2.4 billion, compared to DKK2.3 billion in the same period in the year 2020.
Based on these results, the financial service provider recorded a total net profit of DKK512 million, a slight decrease from the first semester of 2020 at DKK529 million.
New Record on Clients Growth
Not only that, during the first six months of 2021, Saxo Bank has successfully obtained a record addition of 159,000 new clients. According to Saxo Bank statistics, the company now has more than 790,000 clients with total assets reaching DKK595 billion as of June 30, 2021, which is another record-breaking milestone in Saxo Bank's 29-year history.
Commenting on the latest report, Kim Fournais, CEO and founder of Saxo Bank, added that this proves that more and more traders trust Saxo Bank's services. In order to achieve this milestone, it took Saxo Bank 25 years to reach the DKK100 billion milestones and then only 4 years to add an additional DKK 500 billion client asset.
For the outlook of the second half of 2021, Saxo Bank expects to end 2021 with a net profit in the range of DKK650 – 800 million.