31st May 2016 06:27
LONDON (Alliance News) - IG Group Holdings PLC, the FTSE 250 online trading company, on Tuesday said it now expects its full-year earnings to be slightly ahead of previous expectations.
In a trading update for the final quarter of the financial year ending Tuesday, IG said it performed "well" during what turned out to be a "relatively quiet" fourth quarter of the year in financial markets. All key operating and financial metrics remained strong, IG said.
"As outlined in the third-quarter trading update, this continued robust performance has resulted in higher variable operating costs in the last part of the year, including an increase in online marketing spend, where the payback remains compelling. This cost increase was more than offset by the ongoing strength in trading revenue, meaning the company now expects full-year earnings to be slightly ahead of expectations," IG said in a statement.
The company is due to report full-year results on Tuesday, July 19.
By Samuel Agini; [email protected]; @samuelagini
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