IG Groups Net Trading Revenue Climbs 16% in H1 FY22

• The companys profit before tax increased 8% to £245.2 million.

• IG Groups active clients reached 320,400 in H1 of FY22.

For H1 of FY22, IG Group posted net trading revenue of £471.9 million, which is 16% higher compared to the same period in FY21. Profit before tax climbed 8% to £245.2 million, compared to £227.8 million in H1 of FY21. Adjusted profit before tax surged 13% to £258.0 million.

IG Group witnessed an astonishing rise of 42% in the number of active clients. The figure touched 320,400 in H1 of FY22, compared to 225,200 in H1 of FY21. For the recent period, the financial firm reported basic EPS of 48.1 pence.

“This has been a period of outstanding performance with record revenues and profits. Since we launched our new strategy three years ago, the group has transformed from a UK-centric CFD-focused firm to a global financial technology company with a multi-product trading platform. One of the key factors behind the success of this transformation is our ‘global reach, local focus’ which allows us to act with agility to tailor our offerings. Our outstanding growth in Japan is a strong illustration of this approach,” June Felix, the Chief Executive Officer at IG Group, said.

Growth

IG Group witnessed consistent growth during the first half of the fiscal year 2022. With the acquisition of tastytrade, the Group has expanded its product offerings. In the recent announcement, Felix mentioned that IG Group is planning to contribute the equivalent of 1% of its post-tax profits to charitable causes.

“We believe that elevating collective financial literacy will reinforce our longevity as a business and simultaneously enhance potential outcomes for everyone in the communities in which we operate. We are here to win for our client, for our investors, for the betterment of society,” Felix added.