IG Group has said that it expects to achieve full-year growth across a number of key financial metrics after an increase in revenue during the fourth quarter.
In a pre-close trading update, the online trading company said despite a quiet Q4 in financial markets, revenue was up on a year-on-year basis and, as a result, full-year revenue for the 12 months to May 31, 2017, looks set to climb by 7%.
The company also said that full-year profit before tax and earnings is expected to be “modestly ahead” of the previous year.
In addition, total operating expenses in the second half of the year are expected to be at around the same level as reported for the first half. They include a rebate from the Financial Services Compensation Scheme relating to prior years.
IG Group will announce its full results for the fourth quarter on July 18.
Related article: IG Group reveals mixed results in Q3
