Edition:
United Kingdom

IG Group HY Rev, Profit Fall; Sees Return To Growth After FY19


Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - IG Group Holdings PLC ::HY NET TRADING REVENUE £251.0 MILLION (H1 FY18: £268.4 MILLION) - DOWN 6%.HY OPERATING PROFIT £112.5 MILLION (H1 FY18: £136.5 MILLION) - DOWN 18%.HY PROFIT BEFORE TAXATION 113.0 MILLION POUNDS VERSUS 136.2 MILLION POUNDS.69% OF THE GROUP'S ESMA REGION REVENUE IN Q2 FY19 CAME FROM PROFESSIONAL CLIENTS.IN HY, 14,626 NEW OTC LEVERAGED CLIENTS (H1 FY18: 18,027).CONTINUES TO EXPECT THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18, REFLECTING THE IMPACT OF THE ESMA MEASURES.CO EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND UNTIL THE GROUP'S EARNINGS ALLOW THE COMPANY TO RESUME PROGRESSIVE DIVIDENDS.COMPANY WILL, AS PREVIOUSLY GUIDED, RETURN TO GROWTH AFTER FY19.