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The NAGA Group (158355634N4G) - Broadening portfolio stimulates profitability

15:38 EDT 13 Jul 2018 | Edison Investment Research

Edison Investment Research - Technology - The NAGA Group: NAGA Group (N4G) moved to positive EBITDA of €2.9m in FY17 on the back of higher brokerage fees and one-off ICO-related advisory fees. Management expects to double trading volumes in 2018. However, the business is still in its early stages, and future profitability will depend on the number and activity of brokerage clients, the success of recently launched products, as well as the sentiment towards cryptocurrencies in the aftermath of the recent market crash.
ISIN: DE000A161NR7

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