IG Logs Full-Year Loss After Taking Japan-Unit Charges
This article is for subscribers only.
IG Group Holdings Ltd., owner of the IG Index financial spread-betting brand, posted a full-year loss after taking impairment charges against its Japanese unit.
The net loss was 25.5 million pounds ($41 million), or 7.05 pence per share, in the year ended May 31, compared with a profit of 101.3 million pounds, or 28 pence per share, a year earlier, the London-based company said today in a statement. The company took 143.1 million pounds in charges for its Japanese operations.