Marex Group Q3 Profit After Tax Rises

(RTTNews) - Marex Group plc (MRX), Thursday announced third-quarter financial results, reporting profit after tax of $73.2 percent, up 25 percent from $58.4 million last year.

Earnings per share totaled $0.92 compared to $0.73 in the previous year.

Adjusted profit after tax went up 26 percent, to $72.2 million from $57.5 million a year earlier.

On adjusted basis, earnings amounted to $0.96 per share compared to $0.76 per share in the prior year.

On average, analysts estimated earnings of $0.94 per share for the quarter.

Revenue rose 24 percent, to $484.6 million from $391.2 million in the earlier year.

MRX closed at $30.62, down 0.29 percent on the Nasdaq.