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15 Dec 2020 | 07:49

IG Group expects to report jump in first-half revenues

(Sharecast News) - FTSE 250 online trading platform IG Group said on Tuesday that it expects to report a surge in revenues for the first half amid elevated trading volumes. Net trading revenue for the first six months of the current financial year is expected to rise to around £416m from £249.9m in the first half of last year.

IG said that following a "very strong" first quarter, it performed at comparable levels in the second quarter, generating revenue of around £207m, up from £120.8m in the same period a year ago and driven by elevated trading volumes across a larger, total active client base of 207,000 compared to 133,800 last year.

The active client base has grown "materially" compared to the prior year, IG, said benefitting from a continuation of strong client acquisition.
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