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SINGAPORE, July 26, 2016 /PRNewswire/ -- IG Group Holdings plc ("IG", "the Group" or "the Company") announces results for the year ended 31 May 2016.
During FY16, IG continued to put up a strong revenue performance across all geographic regions, helped by our more established markets. The Group's investments in Switzerland, Dubai and Nadex are also beginning to produce returns.
IG Asia Pte Ltd ("The Subsidiary", "IG Asia") in Singapore is the third-largest revenue country within the Group. The subsidiary demonstrated the strength of its business model, having its best financial year in the last 9 years.
Tony Lim, Head of IG, Singapore: "I am delighted that the IG Group along with IG Asia performed so well in the past financial year. The local team in Singapore has progressed well over the last 9 years, well-supported by strength in resources and stability of the group. I am excited the business will continue to go in the right direction, and look forward as we celebrate the 10th year anniversary of IG Asia in Singapore this year."
IG Asia Pte Ltd has expanded its presence in Singapore recently, opening up another office at Marina Bay Financial Centre last October, while continuing to operate its shop-front office at Straits Trading Building. Not only is it the first IG subsidiary to have two offices, but we also have a dedicated education centre in the heart of Raffles Place.
About IG
IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets -- including forex, binaries, commodities and CFDs on shares and indices. The head office in London was established in 1974, and we aim to become the default choice for active traders globally. It is an award-winning multi-platform trading company and the world's No.1 provider in CFDs*. IG is publically listed on the London Stock Exchange (LSE) and is a constituent member of the FTSE 250, with offices across Europe, US, Africa and Asia-Pacific. For more details on the IG10, please visit www.ig.com.sg/ig10.
*Based on revenue excluding FX, from published financial statements, September 2015.
ISSUED FOR:
IG (www.IG.com.sg)
BERNARD AW, MARKET STRATEGIST
TEL: (65) 6390 8324
EMAIL: BERNARD.AW@IG.COM
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