A very strong December led to solid Q3 Revenues for IG.
UK spreadbetting firm IG Group (LON:IGG) issued its Interim Management Statement for Q3 2014 (IG has a May 31 year end, so Q3 ended February 28), giving us a peek into revenues the past three months, and they were fairly strong.
IG Revenues hit £96.7 million ($161 million), up 9% from Q2 and also from Q3 last year (which had similar revenues of £89 million). IG attributed the increase to a very strong December, normally a slow month in online trading.
IG saw nice revenue increases in each of its major geographic regions. UK revenues were up 11%, Australia was up 6% and Continental Europe up 19%. IG did see a 7% decrease in other areas, though.
IG’s strong Q3 follows a slow Q2 for IG, in which Revenues fell 5% and IG reported slow adoption of its MT4 offering.
To see the complete IG press release on preliminary Q3 results click here (pdf).
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