15th Dec 2020 10:03
(Alliance News) - IG Group Holdings PLC on Tuesday said it expects to report a considerable rise in revenue for the first half of its current financial year.
Following a strong first quarter performance, the FTSE 250 online trading services provider reported a solid second quarter to the end of November, with revenue growing by 71% to GBP207 million from GBP120.8 million the same period the year before.
This was attributed to a rise in the total active client base to 207,000 clients from 133,800. As a result, for the six months period, IG's net trading revenue is anticipated to be GBP416 million, up 66% from GBP249.9 million the prior year.
Shares in IG Group were up 2.2% at 846.50 pence on Tuesday in London.
By Dayo Laniyan; [email protected]
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