IG Group, the spreadbetting supplier based in London has issued its financial records for the 12 month period that ended on May. These records have shown that the net revenues increased by 17.3% compared to the same period of last year as it reached a total of 366.8 million British pounds.
It has also shown that the continuing operations have produced 140.7 million British pounds in cash over the period of the last 12 months. This number is a great improvement of 3% when compared to the year before it. This leaves for profit of IG, before deducting the taxes, 13.8% more than the same period of last year as it reached a total of 185.7 million British pounds.
Commenting on this, the Chief Executive of IG Group, Tim Howkins has stated that this year, the company had an increase of 17% in revenue. He also stated that such great numbers will set the standards pretty high for the upcoming year but the company is going to do its best in order to beat these numbers next year. He also said that the company is going to make sure to invest in all sections of the business in order to push the company forward and secure its place at the top of the business. This includes investing in technology, geographic and product development and marketing.
The Chairman of IG Group also commented on this financial report by saying that he is very glad with this report that shows a great increase in profits, dividends and revenues. He also said that the company will aim to keep this performance up.