IG Group says group revenue exceeds 40 mln stg in 3 months to end-Aug

LONDON (Thomson Financial) – Spread betting company IG Group Holdings PLC said its year-on-year group revenue for the quarter to end-August rose more than 60 pct as it benefited from high levels of equity market volatility.

IG Group said revenue was in excess of 40 mln stg compared with about 25 mln stg in the corresponding quarter last year, adding that revenue from its financial business is 70 pct higher than the year-ago period.

The strong momentum seen at the end of the last financial year has continued into this year, it added.

The company said it has made a stronger-than-expected start to the financial year, due to the market volatility, and remains confident about its full-year prospects.

Tags: IG Group, IG Index, IGG.L, igindex

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