logo
  

IG Group FY21 Profit Climbs, Proposes Dividend; Chief Commercial Officer To Resign

IG Group Holdings plc (IGG.L), an online trader, reported Thursday that its fiscal 2021 profit before taxation climbed 52 percent to 450.3 million pounds from last year's 295.9 million pounds. Basic earnings per share were 100.7 pence, up 54 percent from 65.3 pence a year ago.

Adjusted profit before taxation was 477.8 million pounds or 108.2 pence per share.

Net trading revenue went up 31 percent to 853.4 million pounds from 649.2 million pounds last year. Adjusted net trading revenue was 861.3 million pounds, up 33 percent.

Total active clients rose 31 percent to 313,300 and new clients onboarded rose 39 percent to 134,800.

Further, the company announced final proposed dividend of 30.24 pence per share, which would represent a full-year dividend of 43.2 pence per share, same as last year.

Separately, IG Group announced Bridget Messer, Executive Director and the Group's Chief Commercial Officer, has informed the Board of her intention to step down from her role for family reasons.

She will continue in her role to support an orderly transition over the coming months and will remain as a director of the Company until the date of the AGM, scheduled for 22 September, but will not stand for re-election.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ward Hill, Massachusetts-based Cedar's Mediterranean Foods is recalling Cedar's Organic Mediterranean Hommus citing undeclared pine nut, an allergen, the U.S. Food and Drug Administration said. The Cedar's Organic Mediterranean Hommus is packaged in a 10 oz. plastic container, with a UPC Code: 044115403028. Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up to $0.6 billion of shares during the fourth quarter. The company will provide strategic update on February 1, 2022. HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly.
RELATED NEWS
Follow RTT