IG Group publishes Annual Report 2015, sets eyes on China

IG Group Holdings plc (LON:IGG), a leader in spreadbetting and CFD trading, has earlier today published its Annual Report 2015, which included detailed information about the company’s financial performance during the 12 months to May 31, 2015.

The numbers in the report are in tune with preliminary metrics IG Group reported in July. In the face of the impact of the “Black Swan” events on January 15, 2015, the group managed to see a solid rise in revenues.

Let’s summarize some of the key financial metrics:

  • Net trading revenues amounted to £388.4 million, up 4.9% year-on-year.
  • Excluding the impact of “Black Thursday” events, which cost the company £27 million, the underlying revenues amounted to £400.2 million, up 8% from the preceding year.
  • Underlying profit before tax was down by 0.9% at £193.2 million.
  • Underlying diluted earnings per share was up by 2.1% to 41.07 pence.
  • On a statutory basis, profit before tax was down by 13% and earnings per share was down by 10.5%.


In terms of regional expansion, there are at least two important moves to mention following the end of the reporting period. The first is that IG Group has received its licence from the Dubai Financial Services Authority (DFSA) and opened for business in the Dubai International Financial Centre.

Another interesting move is that subsequent to the year-end IG Group obtained a representative office licence from the China Securities Regulatory Commission. This allows the company to establish a small office in Shanghai, which will facilitate discussions with potential partners in China, but does not give the company any right or ability to transact business in China.

The company continues to view China as an interesting future market.


To view the full report, click here.

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