Financial spread betting group WorldSpreads has said revenue for the yea to the end of March is expected to be 25% ahead of the previous year.
In a trading update, it said its results would be in line with indications given in a previous update in January. At that time, WorldSpreads said it could record a 'small loss' for its financial year.
Today, the company said all of its main indicators - active customers, number of deals and customer funds on deposit - showed strong growth despite lower levels of market volatility.
WorldSpreads has been investing in expanding its products into new markets in France, Germany, Sweden and Denmark. It said these investments were now starting to deliver results
The company also said it would seek approval from shareholders to buy back its own shares on the market when market conditions were right.
