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HomeFinanceNAGA Achieves EUR 45.5 Million Income

NAGA Achieves EUR 45.5 Million Income

The NAGA GROUP, a number one supplier of the All-in-One Monetary Tremendous App, NAGA, has reported stellar preliminary unaudited monetary outcomes for the fiscal 12 months 2023, showcasing a outstanding turnaround in difficult market circumstances.

NAGA delivered a strong efficiency, producing over EUR 45.5 million in income, regardless of a slight lower from the earlier fiscal 12 months’s EUR 57 million. The standout achievement was the corporate’s highest-ever EBITDA of EUR 7 million, a major enchancment from the adverse EUR 13.7 million within the previous 12 months.

The corporate demonstrated a formidable progress trajectory in consumer engagement and exercise ranges all through 2023. With over 132,000 new account openings and greater than 9.2 million trades executed, NAGA surpassed its 2022 ranges. Notably, copy trades reached 4.8 million, up from 3.5 million, and the quantity traded soared to EUR 143 billion, a rise from EUR 137 billion within the earlier 12 months.

Lively customers on the finish of 2023 surpassed 21,000, reflecting a gradual upward pattern from 18,700 in 2022. This progress in distinctive consumer metrics is attributed to increased common exercise, deposit measurement, and lifelong worth, highlighting the effectiveness of NAGA’s strategic initiatives.

NAGA CEO, Michael Milonas commented: “We’re delighted that our disciplined method and steady efforts to make NAGA worthwhile yielded such sturdy outcomes. We have now seen an improved high quality of consumers, a properly as improved platform stability and robust consumer metrics which make us assured for the next months. Particularly within the gentle of our lately introduced Merger, NAGA will play an important function to ship sturdy leads to the upcoming 12 months paired with Capex.com quick rising consumer and income base creating a brand new, thrilling fairness story for the Group.”

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