sector: Financials ·
industry: Investment Services ·
As of
30 Sep 2009
4.82USD
FCStone Group, Inc. is an integrated commodity risk management company providing risk management consulting and transaction execution services to commercial commodity intermediaries, end users and producers. It assists primarily middle market customers. In addition, to its risk management consulting services, the Company operates an independent clearing and execution platforms for exchange-traded futures and options contracts. The Company serves more than 8,000 customers. During the fiscal year ended August 31, 2008 (fiscal 2008), it executed more than 100 million contracts in the exchange-traded and over-the-counter (OTC) markets. The Company operates in three segments: commodity and risk management services (C&RM), clearing and execution services, and financial services. In January 2009, the Company acquired Elders Risk Management Pty Ltd. In September 2009, the Company sold its 25% interest in FGDI, L.L.C. to Agrex, Inc.
BRIEF: For the nine months ended 31 May 2009, FCStone Group, Inc.'s revenues decreased 20% to $199.7M. Net loss from continuing operations totaled $61.1M vs. an income of $39.3M. Revenues reflect a decrease in income from commissions & clearing fees and lower revenue from service, consulting and brokerage fees. Net loss reflects increased cost of commodities sold, higher depreciation charges and an increase in provision for bad debts.
FCStone Group, Inc.
Suite 800,
1251 NW Briarcliff Parkway
Kansas City MO 64116
P: +1816.4107120