IG Group Holdings PLC reported Thursday a significant rise in revenue for the third quarter of fiscal 2021, citing continued high levels of trading from its clients and client acquisitions, and said it reached a record in active clients.
The online trading company said revenue for the three months ended Feb. 28 rose 65% to 203.3 million pounds ($283.3 million) compared with the same period a year earlier, and rose by 11% compared with the previous quarter.
The London-listed company said the level of revenue per client for its over-the-counter leveraged clients was maintained at similar levels to those reported in the first and second quarters of the financial year, and 9% higher than in the year-earlier period.
Year to date revenue for the quarter rose to GBP647.1 million, up from GBP389.7 million for the third quarter of fiscal 2021, it said.
“Should IG see normalization in financial market volatility, or a stabilization in the macro environment, we would anticipate some reduction in the level of client acquisition and activity, although underpinned by the larger high-quality client base,” it said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
Source : MTV
