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IG Group Hldgs plc (IGG)

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Monday 22 August, 2011

IG Group Hldgs plc

Trading Update

RNS Number : 7117M
IG Group Holdings plc
22 August 2011
 



 

 

22 August 2011

IG GROUP HOLDINGS PLC
Trading Update

IG Group Holdings plc (the "Group") has benefited from record levels of client activity in the recent market volatility, despite it being holiday season in the majority of the countries in which the Group operates.  As a result, the Group currently expects that it will achieve revenues in excess of £94m for the quarter ending 31 August 2011, compared to £79.1m in the corresponding period in the prior year.  This would represent growth of at least 19%.  Costs have been in line with management's expectations.

The Group's credit management processes have proved robust and it is anticipated that the doubtful debt charge for the quarter will be less than 1% of revenues for the quarter.

The Group will publish its Interim Management Statement on 13 September 2011.

Further information

 

IG Group:

Tim Howkins 020 7896 0011

Chris Hill 020 7896 0011

 

Financial Dynamics:

Neil Doyle 020 7269 7237

Ed Berry 020 7269 7297

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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