IG Group Revenues Rise as Profits Fall in First Half of FY 2016
Moderator: moderators
-
- rank: 10000+ posts
- Posts: 37443
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
IG Group Revenues Rise as Profits Fall in First Half of FY 2016
IG Group (LON:IGG) has filed a preliminary report with the London Stock Exchange this morning, revealing that the company’s profits have dropped despite an increase in revenues. The brokerage has announced that its profits before taxes declined by 2.8 per cent when compared to last year to £98.6 million.
Avid industry news reader? take the Finance Magnates quiz
Looking at the revenues of IG Group, the figure was reported higher by 8.8 per cent year-on-year, which totals £214.8 million. The decline in profits is primarily due to an increase in expenses, which totaled 18.7 per cent year-on-year. The company ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.