RNS Number: 9078L
IG Group Holdings plc
20 January 2009
Interim Results for the six months ended 30 November 2008
IG Group Holdings plc ("IG" or "the Group") today announces interim results for the six month period ended 30 November 2008.
Turnover up 47% at £126.5 million
EBITDA(1) up 24% at £60.3 million
Strong EBITDA margin of 47.7%
Adjusted EPS(2) up 17% at 11.73p
Interim dividend of 4.0p per share (up 33%)
Record levels of account opening and client activity
Acquisition of FXOnline Japan in October 2008
Current trading strong
1 EBITDA represents earnings before exceptional administrative costs, depreciation, amortisation charge, impairment of intangibles arising on consolidation, amounts written off property, plant and equipment and intangibles, taxation, interest payable on debt and interest receivable on corporate cash balances and includes interest receivable on clients' money net of interest payable to clients.
2 Excludes amortisation and impairment of intangibles arising on consolidation.
Tim Howkins, Chief Executive, commented:
"Against a backdrop of challenging capital market and economic conditions, IG has again delivered strong growth in both revenue and profits, enabling us to increase the half-year dividend by 33%. We continue to experience strong levels of client recruitment, both in the UK and abroad where we have recently expanded further with the acquisition of FXOnline in Japan. Current trading is strong across the Group and IG is well positioned to deliver further growth."
Full details for these interim results can be accessed here:
9078L RNS announcement