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2024-03-15
News IG Markets
IG Group reports revenue growth for Q3 of FY 2024

IG Group reports revenue growth for Q3 of FY 2024

IG Group Holdings plc has reported results for the third quarter of fiscal year 2024.

IG Group's total revenue increased to £240.1 million in the third quarter of fiscal 2024 from £229.7 million in the second quarter.

The number of the company's active clients increased to 266,800 during the period from 263,600 in the second quarter of fiscal 2024.

Total client assets reached a record high of 10.1 billion pounds.

The brokerage generated interest income of £35.2 million, of which £19.1 million came from the US.

Delicioustrade, acquired by IG in 2021, reported a 24% increase in revenues to $180.4 million in the third quarter of 2024.

In July 2023, IG Group launched a £250 million share buyback program, which is expected to be completed in the current fiscal year.

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