Financial results
Pepperstone UK’s £18m profit exceeded trading revenue because a £21.4m group allocation did most of the work
Pepperstone Limited’s UK accounts present an apparent paradox: profit after tax of £18.0 million exceeded the company’s £15.04 million of trading revenue. The explanation is not an unusually high trading margin. A £21.4 million profit-repatriation allocation from another group entity supplied 88.9% of the UK company’s £24.07 million pre-tax profit and was 142.3% of its own trading revenue.