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TechFinancials swings to loss in first half after OptionFair struggles

17th September 2015 7:43 am GMT

London-listed binary options provider TechFinancials has seen operating profit decline by 86 per cent during the first half of 2015, impacted by a decrease in revenue from its OptionFair customer-facing business and an increase in research and development expenditure.

Revenue for the period rose by 3 per cent to US$7.3m, with software licensing product revenue climbing 33 per cent to $4.0m, offsetting a 20 per cent drop in revenue from the B2C OptionFair trading platform to [...]

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