Online Casino Transfer: News - IG Group enjoys Year-End

01/29/2010		Online Casino Style: News IG Group enjoys Year-End
Home History Games News Dictionary		Though not all of the online gambling companies hitting the news presses this month can be proud enough to say the same, one sports spreadbetting group has cause to celebrate their year end numbers for 2009. IG Group, a British based company that focuses on financial derivatives as well as sports betting firms, has reported that their last six months’ performance saw their EBITDA rating up by an impressive 34 percent to £81 million, compared to the previous second-half year’s £60.2 million in 2008. With a growth of customers of 29 percent in the UK alone, the group seems to be well on target for keeping ahead of their competition in 2010. Following the release of the final numbers associated with 2009’s second set of six months, statements from both an official company spokesperson and the chief executive officer of the Group himself, Mr Tim Howkins. Much of the accreditation for the Group’s positive numbers is being attributed to strong growth in Australia, Europe and Singapore, as well as in the United Kingdom. Their trading revenue jumped up to £143.8 million from July to December, an increase of 14 percent from the same period the previous year. While 2008 enjoyed a healthy EBITDA margin of 47.4 percent, last year marked notable improvement, reaching 56.4 percent. The IG Group’s re-tax profits were also higher than expected, jumping to £78 million and signifying a growth of 34 percent. "IG has again delivered record results with strong growth in both revenue and profits," said CEO Tim Howkins. "We continue to experience strong levels of activity and account opening, both in the UK and overseas, where our expansion continues. All our markets have great potential and IG is well positioned to deliver further growth." The next year will continue to see big action, solidifying the company’s presence in existing markets, but taking on the challenge of the South African market as well, with the new subsidiary acquisition in IG Markets South Africa to see much of the focus.

01/29/2010

Online Casino Style: News
IG Group enjoys Year-End

Though not all of the online gambling companies hitting the news presses this month can be proud enough to say the same, one sports spreadbetting group has cause to celebrate their year end numbers for 2009. IG Group, a British based company that focuses on financial derivatives as well as sports betting firms, has reported that their last six months’ performance saw their EBITDA rating up by an impressive 34 percent to £81 million, compared to the previous second-half year’s £60.2 million in 2008. With a growth of customers of 29 percent in the UK alone, the group seems to be well on target for keeping ahead of their competition in 2010.

Following the release of the final numbers associated with 2009’s second set of six months, statements from both an official company spokesperson and the chief executive officer of the Group himself, Mr Tim Howkins. Much of the accreditation for the Group’s positive numbers is being attributed to strong growth in Australia, Europe and Singapore, as well as in the United Kingdom. Their trading revenue jumped up to £143.8 million from July to December, an increase of 14 percent from the same period the previous year. While 2008 enjoyed a healthy EBITDA margin of 47.4 percent, last year marked notable improvement, reaching 56.4 percent. The IG Group’s re-tax profits were also higher than expected, jumping to £78 million and signifying a growth of 34 percent.

"IG has again delivered record results with strong growth in both revenue and profits," said CEO Tim Howkins. "We continue to experience strong levels of activity and account opening, both in the UK and overseas, where our expansion continues. All our markets have great potential and IG is well positioned to deliver further growth." The next year will continue to see big action, solidifying the company’s presence in existing markets, but taking on the challenge of the South African market as well, with the new subsidiary acquisition in IG Markets South Africa to see much of the focus.