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IG Group Holdings’ positive financial results

IG Group Holdings, an iGaming spreadbetting firm based in London, England revealed its first yearly financial results that ended in May and showed that it had a positive 7.3% increase to £320.4 million in net and trading revenues when compared to last year.

IG Group has also announced their earnings before the tax, interest, amortisation and depreciation that showed a 4.6% increase to £173.6 million when compared to last year. However, this fell by 2.5% to 54.2% over last year.

IG also released their adjusted profit before all taxes that suggested a 3.4% increase to £163 million over last year and their available liquidity also rose by 4.6% to £287.3 million when compared to last year.

Tim Howkins, IG Group’s Chief Executive Officer stated that “the results reflect the continued growth opportunity for the group as we focus on developing our core businesses.”

“Through the year we have extended our share in some of our largest markets and have taken a number of steps to further strengthen our competitive position. We remain committed to investing in our technology platform, which we see as a key driver of long term profitable growth, and we enter the coming year well positioned to build on our high levels of client service and to maintain and build on our market-leading position across our geographical markets.”

“I am pleased to report another record year in which the group has delivered further growth in revenues and active clients across its established and newer markets,” said Jonathan Davie, Chairman for IG Group.

“The board has recommended a final dividend for the year of 14.75 pence per share, making a total distribution of £20 per share, an increase of eight percent on 2010.”

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