LONDON, July 22 IG Group, a provider of
financial spread betting and contracts for difference, said on
Tuesday that its full year revenue rose 2.4 percent, as its
strategy to focus on customers who trade more regularly offset
low market volatility.
The company, which offers online trading in shares, indexes,
foreign exchange, commodities and binary options, said revenue
for the year to May 31 was 370.4 million pounds ($632.6
million), compared to 361.9 million pounds a year earlier.
That was below analysts expectations for revenue of 373.8
million pounds, according to Thomson Reuters data.
Profit before tax was 1.3 percent higher at 194.7 million
($1 = 0.5855 British Pounds)
(Reporting by Clare Hutchison, editing by Louise Heavens)