moneypartners_logoMoney Partners Group consisting of Money Partners (Forex broker) and Money Partners Solutions (financial system design and development company) released summary of consolidated business results for the second quarter ended September 30, 2016.

During the period of sismonth ended September 2016, the operating revenue increased by 2.2% year-on-year to 3,159 million JPY while the net operating revenues (3,025 mil JPY), operating income (682 mil JPY) and ordinary income (682 mil JPY) showed decreases of 0.5%, 19.8% and 23.7% respectively. The net income attributable to owners of parent was 460 million JPY, which also down by 21.7% from the same period last year.

One of the group’s developments during the period was addition of new feature for Manepa Card which is another product of the group’s forex broker. The Manepa card is a multi-currency prepaid card available at Mastercard affiliated stores in the world, and now the Manepa card allows users to pay in JPY in Japan in addition to USD, EUR, GBP, AUD, and HKD.

Other developments include improving usability of members’ portal site, enhancing functions of trading tool for PC and tablet and forming capital and business alliances regarding cryptocurrencies such as bitcoin.

The cumulative forex trading volume during the period was 453.8 billion currency units, decreased by 13.2% year-on-year. As of the end of September, the total number of customer accounts was 286,494 (+19,031 YoY) with foreign exchange margin deposits of 58,608 million JPY (+37.4% YoY).

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(Source: Money Partners Group )

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