Keystone-SDA
The Lausanne Broker Compagnie Financière Tradition (CFT) recorded a turnover up over the first six months of the year. Management does not give encrypted prospects for the rest of the operations.
(Keystone-ATS) From January to the end of June, and at constant exchange rates, revenues (IFRS) increased by 10.8% to 580.1 million francs, the bank said in a statement on Thursday. At current exchange rate, they advanced 8.0%. Turnover including the share of joint ventures is displayed at 632.1 million, or 12.3% more (or 9.6% at current rate).
In detail, professional intermediation activity (IDB) reached 607.6 million ( +11.2% or +8.4%) and that with individual customers (non-IGB) increased from 16.7 million to 24.5 million.
“This performance was supported by a high volatility of the markets fueled by persistent uncertainties concerning monetary policy, the introduction of new pricing barriers and increased geopolitical tensions,” comments CFT.
Management says it has continued its growth dynamic observed in previous years, without giving prospects for 2025 as a whole.
