ICAP, the largest interdealer broker and arguably the largest institutional Forex broker has just published its preliminary statement for the last fiscal year (ICAP's fiscal year ends on March 31st).
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Group financial highlights:
- Group revenue from continuing operations increased by 8% to £1,741m with profit2 of £350m up 4%
- Electronic revenue of £302m increased by 20% produced operating profit3 of £123m up 23% - a record high for our electronic broking business
- Post trade risk and information revenue rose 30% to £184m and produced operating profit3 of £79m up 14% - our strongest performance to date
- Electronic broking and post trade risk and information contributed 54% of operating profit3
- The Group's operating profit3 margin was 22% (2010: 22%), unchanged on the prior year as a result of investment in new businesses and one-off costs.
- EPS (basic) up 59% to 28.7p; EPS (adjusted basic) up 22% to 39.9p
- The directors recommend a final dividend per ICAP share of 14.68p, which
Click Read More to see the full presentation.
ICAP Preliminary statement for the year ended 31 March 2011
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