Following a fairly slow first half of fiscal 2024, leading UK based online trading house IG Group (LON:IGG) has reported its full-year 2024 results (fiscal year-end of May 31) indicating a very strong rebound on both the top and bottom line in the second half of the year.
IG Group’s Revenues of £987.3 million in FY2024 were down by 3% from £1.02 billion in FY2023, but again that was mainly due to a slow H1 of FY2024. In the second half of the year – covering the months of December 2023 through May 2024 – IG Group Revenues totaled £514.7 million, up 9% from the previous six month period (£472.6 million).
Similarly, Net Income of £175.0 million at IG Group in the second half of FY2024 was up 32% from £132.7 million in H1-2024.
All this was…
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