IG Group Holdings PLC, the international online brokerage for Forex and CFDs, headquartered in London, UK have just announced their fiscal 2020 financial results, reporting solid earnings growth, and other key metrics. The broker’s fiscal year ended on May 31st, 2020.
In its report the broker noted a 36% increase in net trading revenue, a 52% increase in profits before taxes and solid earnings, and dividends per share for holders of the company’s stock. The broker also noted “exceptional volumes in Q4”, indicating that that IG Group, like many others, has profited from recent market volatility witnessed in the spring as a result of the spread of Covid-19 and associated global disruptions. To this end the broker indicated that account applications in fiscal Q4 increased 181%, client interactions doubled (100%) and payment transactions increased 85%.
June Felix, Group CEO indicated in the report several key reflections based on the positive financial data, including “outstanding performance in FY20 positions us well to deliver on our medium-term targets” and “our response to Covid-19 shows the resilience of our people, systems and business model”.
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