Westcore Capital Limited Discloses 2009 Last Quarter Revenue Results

Here is Westcore Capital Limited total revenue calculated for the last quarter of 2009: Income before taxes of $ 250 Million on $745 Million Net Revenues with earnings of $0.82 per share. End Quote

(1888PressRelease) September 14, 2010 - Westcore Capital Limited, a leading global brokerage firm announced today its diluted earnings of $0.82 per share for the last quarter of 2009 which was ended on December 28, 2009 compared to its diluted earnings of $0.95 per share in 2008.
Westcore Capital Limited calculated total revenues were $745 million while its income before taxes were $250 Million compared to its net revenues of $1.2 Billion and income before taxes of $948 million in the same quarter last year of 2008.

Business High Spots of Westcore Capital Limited:
• 45- 50 percent of pre-tax profit margin for 2009
• 47 percent of electronic brokerage pre-tax margin for 2009
• Growth of clients' equity by 70 percent and 21 percent growth of clients' accounts
• Daily Average Revenue Trades of 256 thousands in 2009-all cleared
• Market-making pre-tax revenue decline of 58 percent from the prior year
• 53 percent Market-making pre-tax profit margin for 2009.

According to Mr. Tim Howard, Managing Director of Westcore Capital Limited, last year's trading activities were confronted by immense financial issues such as the consequences of credit issues and risk aversion have extremely affected investors, particularly institutional investors. "The effecting high option payments, which we are required to pay as part of the hedging costs, were became complicated to make up for with our trading profits, especially in the nature of deteriorating spreads and declining volumes," said Howard.

Mr. Howard further stressed that Westcore Capital Limited have escaped the crises without losses as it continue to position its business in a growing world of economy.

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