IG Group Sees 67% Jump in H1 FY21 Net Trading Revenue

​IG Group, an award-winning, multi-product trading company, has published its half-yearly financial results, ending on 30 November 2020, showing an increase across all major metrics, including revenue and profit.

In the six months, the net trading revenue came in at £416.9 million, a year-on-year increase of 67 percent from £249.9 million in the previous year. The total operating revenue stood at £188.2 million, 22 percent up from £154.1 million in the last fiscal year.

The broker also reported its profit before tax hit £231.3 million, which is 129 percent higher than the previous year. Further, the profit after tax reached £187.1 million for the period, increasing 127 percent than last year.

The company sees its active clients rose 55% from 154,000 to 238,600, with 64,000 new clients onboarded (H1 FY20:28800).

According to the company, its record revenue and profit were driven by a step change in the size of the client base and aided by continued favourable trading conditions.

June Felix, Chief Executive, commented:“I am delighted to announce an outstanding performance over the first six months of our financial year. We delivered record revenue and profit, made excellent progress against our strategic growth objectives and continued to build a more sustainable and diversified global business.”