The board of directors of XTB, a global group currencies
Forex
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Read this term and CFD broker listed on the Warsaw Stock Exchange Sotck exchange
Sotck exchange
A stock exchange, also known as a stock exchange or stock exchange, is a facility where brokers and traders can buy and sell securities. This includes stocks, bonds, exchange-traded funds (ETFs) or other financial instruments. By extension, stock exchanges may also provide facilities for the issue and redemption of such securities and capital instruments and events, including the payment of income and dividends.
A stock exchange, also known as a stock exchange or stock exchange, is a facility where brokers and traders can buy and sell securities. This includes stocks, bonds, exchange-traded funds (ETFs) or other financial instruments. By extension, stock exchanges may also provide facilities for the issue and redemption of such securities and capital instruments and events, including the payment of income and dividends.
Read this term in Plan, announced its decision to pay out 50% of the company’s estimated net profit of PLN 761.6 million ($171.6 million) in 2022 as dividends to its shareholders. The board, which intends to forward the decision to XTB’s supervisory board and general meeting, also recommended setting aside 25% of the profit to buy back shares in the company.
The percentages amount to 381.5 million PLN ($86 million) in dividend payment at 3.25 PLN or $0.73 dividend per share and 188.7 million PLN ($42.5 million ) in share repurchase, revealed XTB in a statement published on the Polish Press Agency.
finance tycoons reports that XTB’s net profit jumped 214.4% to $171.6 million in 2022, although the brokerage reported a significant decline in profits in its preliminary quarterly financial statements for the fourth quarter of the year last.
Additionally, the broker’s operating revenue hit a record $325 million last year, up 125% from $144.2 million the year before. However, with 75% of profits allocated to dividend and share buyback, XTB intends to set aside the remaining PLN 191.4 million ($43 million) as reserve capital.
XTB seeks permission from Polish regulator for share buyback
In the report, XTB explained that the implementation of the recommendations depended on the acceptance by the Polish Financial Supervisory Authority of its request to buy back approximately 5.7 million or 4.84% of the total shares of the company. company by December 31, 2023.
The broker further noted that if the Polish regulator does not grant the request or extend the deadline for granting the request, the board would recommend paying out 75% of 2022 net profit as a dividend to shareholders. . That’s about $570.5 million ($128.5 million) in total dividend payout and PLN 4.86 ($1.09) in dividend per share, the company said.
Meanwhile, the Polish Supreme Administrative Court (NSA) recently rejected a cease and desist appeal filed by XTB against the decision of the financial market regulator to impose a financial penalty of 9.9 million PLN (more than 2.2 million dollars) to the brokerage firm in 2018.
The board of directors of XTB, a global group currencies
Forex
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Read this term and CFD broker listed on the Warsaw Stock Exchange Sotck exchange
Sotck exchange
A stock exchange, also known as a stock exchange or stock exchange, is a facility where brokers and traders can buy and sell securities. This includes stocks, bonds, exchange-traded funds (ETFs) or other financial instruments. By extension, stock exchanges may also provide facilities for the issue and redemption of such securities and capital instruments and events, including the payment of income and dividends.
A stock exchange, also known as a stock exchange or stock exchange, is a facility where brokers and traders can buy and sell securities. This includes stocks, bonds, exchange-traded funds (ETFs) or other financial instruments. By extension, stock exchanges may also provide facilities for the issue and redemption of such securities and capital instruments and events, including the payment of income and dividends.
Read this term in Plan, announced its decision to pay out 50% of the company’s estimated net profit of PLN 761.6 million ($171.6 million) in 2022 as dividends to its shareholders. The board, which intends to forward the decision to XTB’s supervisory board and general meeting, also recommended setting aside 25% of the profit to buy back shares in the company.
The percentages amount to 381.5 million PLN ($86 million) in dividend payment at 3.25 PLN or $0.73 dividend per share and 188.7 million PLN ($42.5 million ) in share repurchase, revealed XTB in a statement published on the Polish Press Agency.
finance tycoons reports that XTB’s net profit jumped 214.4% to $171.6 million in 2022, although the brokerage reported a significant decline in profits in its preliminary quarterly financial statements for the fourth quarter of the year last.
Additionally, the broker’s operating revenue hit a record $325 million last year, up 125% from $144.2 million the year before. However, with 75% of profits allocated to dividend and share buyback, XTB intends to set aside the remaining PLN 191.4 million ($43 million) as reserve capital.
XTB seeks permission from Polish regulator for share buyback
In the report, XTB explained that the implementation of the recommendations depended on the acceptance by the Polish Financial Supervisory Authority of its request to buy back approximately 5.7 million or 4.84% of the total shares of the company. company by December 31, 2023.
The broker further noted that if the Polish regulator does not grant the request or extend the deadline for granting the request, the board would recommend paying out 75% of 2022 net profit as a dividend to shareholders. . That’s about $570.5 million ($128.5 million) in total dividend payout and PLN 4.86 ($1.09) in dividend per share, the company said.
Meanwhile, the Polish Supreme Administrative Court (NSA) recently rejected a cease and desist appeal filed by XTB against the decision of the financial market regulator to impose a financial penalty of 9.9 million PLN (more than 2.2 million dollars) to the brokerage firm in 2018.
