IG Group claims progress as key finances rise in full year
IG Group, has said it was able to make progress “strategically, operationally and financially” in the 12 months to May 31.
Statutory trading revenue amounted to £456.3 million (€544.6 millon/$602.8 million), which represented an increase of 14% on the £388.4 million achieved in the previous year.
Profit before taxation came in at £207.9 million, up 7.6% on previous 12-month period, while profit after taxation was also up 9% year-on-year to £164.3 million.
Peter Hetherington, chief executive of IG Group, said: “We made good progress in 2016, strategically, operationally and financially, and the business starts this year in good shape.
“I am delighted to be leading such an energised team, and we remain confident that we can deliver further attractive growth going forward.”
Andy Green, chairman of IG Group, added: “I am pleased to report on a year of strong growth for the company in revenue and profit, with both hitting new highs.
“IG's success is built on placing clients at the heart of our business, and we aim to further enhance our leadership position by providing them with even better technology and continuous improvements to their overall experience.
“With our recent investments beginning to bear fruit and exciting plans for the year ahead, I am increasingly confident about the future.”
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