IG Group Holdings plc Pre Close Trading Update (6219G)
May 31 2017 - 1:00AM
UK Regulatory
TIDMIGG
RNS Number : 6219G
IG Group Holdings plc
31 May 2017
31 May 2017
IG GROUP HOLDINGS PLC
Pre Close Trading Update
IG Group ("IG", "the Company"), a global leader in online
trading, today issues the following Trading Update for the fourth
quarter of the financial year ending 31 May 2017, ahead of entering
its close period.
Despite a quiet fourth quarter in financial markets, IG's
revenue in the period was higher than in the same quarter a year
ago. The Company expects to report full year revenue around 7%
higher than in the prior year.
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. This includes a rebate from the Financial Services
Compensation Scheme relating to prior years.
Full year profit before tax and earnings are expected to be
modestly ahead of prior year.
There is no conference call scheduled for today, but the
Investor Relations team will be available to answer questions.
The financial results for the year ended 31 May 2017 will be
announced on Tuesday 18 July 2017. There will be a presentation for
institutional investors and analysts at the Group's offices at
Cannon Bridge House, Dowgate Hill, London EC4R 2YA; those wishing
to attend the presentation should email investors@iggroup.com.
For further information, please contact:
IG Group
Kieran McKinney
Head of Investor Relations and Corporate Affairs 020 7573 0026 investors@iggroup.com
FTI Consulting
Neil Doyle / Ed Berry 020 3727 1141 / 1046
IG empowers informed, decisive, adventurous people to access
opportunities in over 15,000 financial markets. With a strong focus
on innovation and technology, the company puts client needs at the
heart of everything it does.
IG's vision is to be a global leader in retail trading and
investments. Established in 1974 as the world's first financial
spread betting firm, it continued leading the way by launching the
world's first online and iPhone trading services.
IG is now an award-winning, multi-platform trading company, the
world's No.1 provider of CFDs* and a global leader in forex. It
provides leveraged services with the option of limited-risk
guarantees, and offers an execution-only share dealing service in
the UK, Australia, Germany, France, Ireland, Austria and the
Netherlands. IG has recently launched a range of affordable, fully
managed investment portfolios, to provide a comprehensive offering
to investors and active traders.
It is a member of the FTSE 250, with offices across Europe,
including a Swiss bank, Africa, Asia-Pacific, the Middle East and
the US, where it offers on-exchange limited risk derivatives via
the Nadex brand.
*Based on revenue excluding FX (from published financial
statements, October 2016)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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