IG Markets Reports Minor Slump in Profit, May Open More EU Subsidiaries

[kreslik.news]

IG Markets (IG) released its financial results for the year-ending May 31st this Thursday. As a result of a one-off dividend payment in 2017,the retail broker saw a minor downturn in its profits despite a sizeable increase in its trading revenues.

This was due to a substantial increase in operational expenses for the broker. In 2017, the firm reported operational expenses of £154.6 million ($201.72 million). This year that figure grew to £184 million ($240.09 million), a 19 percent increase.

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Net trading revenues grew at a similar rate. At the ... (read more)