Ozforex Group Limited
(ASX:OFX) has posted a 14 per cent rise in net profit to $9.5 million in the first half of fiscal 2014.
The online currency group’s result beat its prospectus forecasts by 7 per cent.
OzForex listed on the stock exchange last month after an IPO that raised $439.4 million.
The company says active clients had also beat prospectus forecasts, jumping 29 per cent to 107,000 in the first half.
Net fee and commission income grew 44 per cent to $34.3 million, while the average transaction size increased 22 per cent to $23,100.
The company says it’s on track to meet its full-year profit forecast of $18.6 million, excluding the costs of listing.
