Edition:
India

IG Group FY Operating Profit 192.9 Mln Stg Down 31%


Tuesday, 23 Jul 2019 

July 23 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PRELIMINARY RESULTS.IN THREE QUARTERS DURING WHICH ESMA MEASURES WERE IN PLACE THROUGHOUT, 66% OF ESMA REGION REVENUE WAS GENERATED FROM PROFESSIONAL CLIENTS.SERVED 6,000 UNIQUE ESMA REGION PROFESSIONAL CLIENTS IN FY19.AVERAGE REVENUE PER ESMA PROFESSIONAL CLIENT WAS NEARLY £27,000 IN YEAR.55% OF GROUP'S GLOBAL OTC LEVERAGED REVENUE IN FY19 WAS GENERATED FROM CLIENTS WHO HAVE BEEN TRADING WITH COMPANY FOR MORE THAN 3 YEARS.31,510 CLIENTS MADE THEIR FIRST TRADE IN FY19, CONTRIBUTING £66.8M OF REVENUE IN YEAR.FY NET TRADING REVENUE £476.9 MILLION (FY18: £569.0 MILLION).TFY OTAL OPERATING COSTS £284.3 MILLION (FY18: £290.1 MILLION) - DOWN 2%.GROUP ESTIMATES THAT LIFETIME REVENUE VALUE OF FY19 CLIENT COHORT WILL BE AROUND £300M.ACTIONS TAKEN TO DELIVER A RETURN TO REVENUE GROWTH IN FY20.FY OPERATING PROFIT £192.9 MILLION (FY18: £281.1 MILLION) - DOWN 31%.EXPECTS TO RETURN TO REVENUE GROWTH IN FY20.BOARD REITERATES THAT IT EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND UNTIL GROUP'S EARNINGS ALLOW COMPANY TO RESUME PROGRESSIVE DIVIDENDS. 

Company Quote

660.6967
-23.3033 -3.41%
25 Feb 2020