IG Group Holdings plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017; Provides Tax Rate Guidance for the Year Ending May 31, 2018
For the six months, the company reported, trading revenue of GBP 280.1 million against GBP 263 million a year ago. Net trading revenue was GBP 268.4 million against GBP 244.9 million a year ago. Net operating income was GBP 269 million against GBP 243.5 million a year ago. Operating profit was GBP 136.5 million against GBP 105.6 million a year ago. Profit before taxation was GBP 136.2 million against GBP 105.2 million a year ago. Profit for the period attributable to owners of the parent was GBP 108.1 million against GBP 83.3 million a year ago. Diluted earnings per share were 29.3 pence against 22.6 pence a year ago. Net cash flow generated from operating activities was GBP 83.9 million against GBP 44.3 million a year ago. Purchase of property, plant and equipment was GBP 1.4 million against GBP 4.1 million a year ago. Payments to acquire and develop intangible assets were GBP 7.1 million against GBP 32.7 million a year ago.
The estimated effective annual tax rate for the year ending 31 May 2018 is 20.6%.