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Leading UK online spreadbetting and financial trading firm IG Group Holdings plc (LON:IGG) today issued a trading update regarding its financial performance for the quarter to November 30, 2015 – that is, the second quarter of its fiscal year to May 31, 2016.
IG said it performed well in quieter markets over the last three months and that revenues in the second quarter of the financial year are set to be slightly ahead of the first.
The company said it was too early to predict any outcomes for the full year, but added that it remained on track as it approaches the second half, and that it is pleased with the continued strength in client recruitment in all of its markets and the progress it is making on delivering its strategic initiatives.
For the quarter to August 31, 2015, IG Group reported revenue of £106.0 million, up 24% from the same quarter a year earlier and up 21% over the previous quarter. At a Group level, active client numbers grew 19% over the same quarter in the prior year and were up 4.9% from the fourth quarter of 2015.
IG will announce its financial results for the six months ended November 30, 2015 on January 19, 2016.
To view the full text of the update from IG Group, click here.