Our holding company, Purple Group, and its brands; GT247.com, EasyEquities, RISE, EasyCrypto, EasyProperties and Emperor Asset Management, has released its annual financial results.
Here are some of the highlights:
• Active customers are up 50.4%, having added around 250 000 new first-time investors in the period.
• Group Revenue was up 33.8% lifted by good results from almost all the Group companies.
• Cost to serve active customers (COS) is down by 15.6% this year.
• Group Operating Expenses increased by 38.1%.
Our CEO, Charles Savage commented:
“Purpose leads our strategy and focuses us acutely on delivering to the needs of our customers, in so doing enabling more and more opportunities for them to create wealth whilst balancing the growing need for them to protect wealth too, presenting the opportunity for us to continue to deliver more products and services in the years ahead. We have demonstrably evidenced our ability to build products that meet our clients’ needs and scale and integrate these into the group in a relatively short period of time through EasyProperties and EasyCrypto. We will launch two new exciting product verticals within the next 6 months - securitised credit through EasyCredit and Life Insurance through EasyProtect. Both will greatly uplift ARPU.
Thank you to all our partners, shareholders, customers and teams for staying the course and continuing to commit yourselves to delivering on our purpose and building towards our goal of being the world’s best investment platform.”