Why TOP Financial Group (TOP) Stock Is Climbing Friday

TOP Financial Group Limited TOP shares are trading higher on Friday after the company reported fiscal year 2023 financial results.

The Details:

TOP Financial Group said fiscal year 2023 revenue increased 24% to $9.7 million, up from $7.8 million in the previous year. The increase was due to trading gains, increase in revenue from trading solution services and interest income. The company reported 2023 earnings of 10 cents per share, down from 12 cents per share on a year-over-year basis.

Ms. Yung Yung Lo, CFO of TOP Financial, commented, “Solid growth in total revenues growth of 24% to US$9.7 million year-over-year for the year ended March 31, 2023. The increase was mainly driven by an increase of US$1.0 million in trading solution service revenues, an increase of US$1.0 million in trading gains, and an increase of US$0.5 million in interest income and others."

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TOP Price Action: According to Benzinga Pro, TOP shares are trading 18.7% at $9.28 at the time of publication. 

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