London Capital sees H1 pretax up 50 pct

London Capital Group Holdings Plc. said it expects its first-half pretax profit to be about 50 percent ahead of last year and significantly ahead of its original expectations, as it has continued to deliver a strong performance.

The financial services and online spread betting company, Capital Spreads, said the improved performance is a result of a rise in revenues and volume growth. Current market conditions continue to favour the business model, it said.

London Capital intends to double its interim dividend to 2.5 pence a share from 1.25 pence paid last year, reflecting its ‘earnings, cash flow and potential’.

The company will announce its first-half results to June 30 on August 7.

Tags: london capital group

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