Aetos Capital Group (UK) Limited, FCA-regulated arm of Sydney-based provider of FX and CFDs AETOS Capital Group, has today unveiled its financial results for the fiscal year ending March 31, 2017, which were emblematic of lagging metrics, ranging from operating income to revenues, according to its latest filing with the UK’s Companies House.
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Aetos Capital Group UK Limited is part of AETOS Group which has a major presence in Asia Pacific and a growing global presence with offices around the world including London, UK and Shanghai, China. The company’s immediate parent undertaking is Aetos (Europe) Holdings Ltd, a company incorporated in British Virgin Islands. The ultimate controlling party is Mr. Y Q Lu by virtue of his shareholdings in the group.
In terms of the aggregated financial results by the end of March 2017, Aetos UK put together a weak YoY performance relative to 2016 figures.
Specifically, Aetos UK witnessed a deterioration in its operating revenues, having come in at only $39,000 (£30,268) – this figure shows a steep decline from $520,000 (£403,918) reported back in the same period a year ago.
In terms of its operating income, the figure was even weaker, having yielded a loss of $1.505 million (£1,168,549) compared to an operational loss of $377,800 (£293,171) for the fiscal year ending March 31, 2016.
Meanwhile, the administrative expenses showed a notable increase year-on-year, despite the weak revenues, coming in at $1.525 million (£1,183,603) relative to $885,000 (£686,830) in the year prior.
Finally, Aetos UK has revealed its CFDs business is brokered with Aetos Capital Group Holdings Ltd, a fellow group undertaking, but the trades are at “arm’s length on a normal commercial terms and accordance with FCA best execution requirements.”
During the year, the company received fees amount to £398,234 from entities connected to the ultimate controller but were negotiated on normal commercial terms.
As at the year end, Aetos UK owed connected entities £174,037 (2016 £222,147), which are interest free and unsecured.