ABC Arbitrage SA reported consolidated earnings results for the first half of 2016. For the period, net revenues were €28.2 million against €22.6 million a year ago. Net income was €16.4 million against €10.2 million a year ago. Earnings per share were €0.29 against €0.19 a year ago. Return on equity stood at nearly 11%. These results reflect the correlation between profits and volatility as well as the Group’s resilience in periods of lower volatility due to investments in R&D.