IFG's first-half profits climb to £4m

Company says performance solid, but market conditions tougher

25th August, 2016
IFG chief executive Paul McNamara Pic: RollingNews.ie

IFG has reported pre-tax profits of just over £4m for the first half of 2016, up from £2.265m a year earlier. Shares fell 9 per cent to €2.01 this afternoon, however, as the company delivered a cautious outlook.

Revenue grew by 16 per cent to £39.9m and adjusted operating profits were 31 per cent higher at £5.8m. An 11 per cent higher interim dividend of 1.6p has been declared.

Chief executive Paul McNamara described the first-half...

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