IG Group today announces Interim Results for the six months ended 30 November 2014
IG Group Interim Results six months ended 30 November 2014:
Operating and Financial Summary
- Strong first half results following a very subdued first quarter
- Net trading revenue(1) up 8% at £197.4 million
- Profit before tax up(2) 2.8% to £101.4 million
- Diluted EPS up 5.4% at 21.44p
- £87.4 million of own funds generated from operations, up 10.5%
- Interim dividend of 8.45p per share, 30% of 2014 full year dividend
- Execution only stockbroking service launched in the UK; planning international roll-out
- Swiss office commenced operating in October; Dubai licence application progressing well
- Launched IG Major Markets mobile App, aimed at improving client acquisition
Tim Howkins, Chief Executive, commented:
“IG delivered another very strong set of results, with record revenue in the half year after a subdued first quarter. We also
made good progress with our ongoing investment in strategic initiatives designed to drive future growth, including the
launch of stockbroking in the UK and the opening of a new office in Switzerland.
In November we celebrated IG’s 40th anniversary. It was a great pleasure to be joined in those celebrations by a number
of clients who have been active with us for a large portion of those 40 years. In what has recently become a very
challenging time for the industry, IG’s strong financial position and commitment to service should provide both existing
and new clients with reassurance that we remain the number one trading partner.
I believe that the initiatives we are embarked upon provide clear evidence that, after 40 years, our ambition to drive
forward and develop the business is as strong as it has ever been.”
Sourec: IG Group
