19th Jul 2016 06:45
LONDON (Alliance News) - Online financial trading provider IG Group Holdings PLC on Tuesday reported growth in annual revenue and profit, as it saw a good performance across its markets.
The FTSE 250 company said it will pay a final dividend of 22.95 pence, taking its total payout up to 31.40p, a 12% year-on-year hike.
IG reported a pretax profit of GBP207.9 million in its financial year to the end of May, up from GBP169.5 million the year earlier. Trading revenue for the year grew to GBP487.9 million from GBP422.1 million, with growth seen in all the company's geographic regions.
IG said new clients on its books, defined by those undertaking their first trades, rose 29% year-on-year and said its offices in Switzerland and Dubai are both trading ahead of expectations.
"We made good progress in 2016, strategically, operationally and financially, and the business starts this year in good shape," said Chief Executive Peter Hetherington. He said demand for IG products remains strong, and IG intends to increase its marketing spend in the current financial year in order to capitalise on this demand.
By Sam Unsted; [email protected]; @SamUAtAlliance
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