Equity Researcher CVS Group Reports Record Quarterly Revenue
Posted Oct 04 2013 7:15am
(1888 PressRelease) Stock market research provider CVS Group, Tokyo, has today announced record profits in Q2 of 2013, attributing gains to its client portfolio expansion, and small cap performance.
With Global markets soaring at levels comparable to those seen prior to the subprime crisis of 2008, many high street brokerages have aired on the side of caution in the second quarter of 2013, minimising risk exposure. However small-cap traders and analysts advised by CVS Group have today reported increased profits during the period.
In stark contrast to many brokerages, Tokyo based analyst CVS Group has today issued a statement detailing a greater than ever revenue generated in the second quarter of the year, created primarily by strong growth on small and mid-cap stocks, and emerging market investments.
In a year on year comparison based on the same quarter in 2012, the Company has increased its overall revenue by 42%, attributing the bulk of those gains to strong performance in its own investments, coupled with a larger workforce and client base.
Chief Executive Officer at CVS Group Mr Hiroto Shizuka said "As I have only this week announced my planned retirement in 2015, I am thrilled to be able to report to our clients that we are performing better than ever in the markets, and as we are continually growing and expanding our presence both here in Asia, and in Europe, I'm hoping we will see an even greater revenue next quarter".
Mr Sato Tanaka, Head of European Equity Research at CVS Group said "our revenue stream is generated from fees charged for services provided, but it's important to consider that our advisory services generate a performance based income; when we advise our clients successfully, it's mutually beneficial. Of course we don't lose money if our advice is unsuccessful, but we don't make a profit either, and it is this business model that is fuelling our growth".