Breaking: IG Group Reports Solid 2016 Year End Metrics; Revenues and Profits Rise

IG Group Holdings Plc today announced its results for the year ended 31 May 2016 revealing a year of strong growth for the company in revenue and profit, with both hitting new highs.

The strong financial results were driven primarily by the improved performance from the company’s digital and mobile Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term efforts in its more established markets, supported by reasonably volatile financial markets and its investments in Switzerland, Dubai and Nadex which have begun to produce returns.

All-Round Solid Results

The brokerage has announced that its profits before taxes increased by 7.6 percent to £207.9 million when compared to last year’s figures of £193.2 million.

Looking at the trading revenue of IG Group, this was up 14% year-on-year at £456.3 million, reflecting an increase of 14 percent over last year’s figures of £400.2 million.

Moving onto IG Group’s operating costs, these increased by 17 percent reflecting investments in growth initiatives.

Earnings per share (EPS) were up 8.5 percent at 44.58 pence while IG Group generated £197.9 million of its own funds from operation.

The brokerage also announced a final dividend of 22.95 pence per share and a full year dividend up 11.5 percent to 31.40 pence per share.

Finally, IG Group highlighted the increase in new client numbers, defined as first trades, which were ahead of the previous year’s figures by 29% with Switzerland and Dubai offices performing ahead of expectations.

Peter Hetherington, Chief Executive Officer, commented: “We made good progress in 2016, strategically, operationally and financially, and the business starts this year in good shape. I am delighted to be leading such an energised team, and we remain confident that we can deliver further attractive growth going forward.”