CC Finance Group increased its revenue by €1.5 million, or 16.3 per cent, in 2020 over the previous year, amounting to €10.09 million by December, according to its recently published Annual Report and financial statements for 2020.
Nick Calamatta, Co-CEO of CC Finance Group, commented on the achievement, saying “2020 will be remembered as a challenging year but transformational in many ways for the Group.”
“The challenges of the year allowed us to consolidate as well as formulate a focused strategy for the coming years. Despite this, we managed to achieve very encouraging results,” he asserts.
“In 2021, we have continued where we left off at the end of 2020, with substantial inflows in the first quarter, reflecting the vaccine optimism and market performance.”
The Group’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) was reported at €2.72 million, with profit before tax amounting to €1.51 million.
CC Finance Group operates in the fields of financial advice, online trading, wealth management, pensions, life insurance, fund services and capital markets.
Alan Cuschieri, Co-CEO of the Group says 2021 is expected to be another year of growth for the Group, particularly for its digital platforms.
“We have a steady stream of new offerings coming online and we are also investing in international markets. All of this will bring huge benefits to our customers and we are looking forward to delivering our plans for the second half of the year.”
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