IG Design Group’s post-close trading update on FY23 to 31 March reveals outperformance in terms of profitability and cash against market expectations. Compared with upgraded guidance to a small adjusted profit before tax for FY23 at the time of the interims, management anticipates a figure of $9m (cf Progressive forecast of $1.9m). Year-end cash of $50m represents around a 66% increase on FY22’s closing position.
20 Apr 2023
PROGRESSIVE: IG Design - FY23 to beat expectations for profit and cash, boding well for longer-term objectives
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PROGRESSIVE: IG Design - FY23 to beat expectations for profit and cash, boding well for longer-term objectives
IG Design Group plc (IGR:LON) | 122 -4.3 (-2.9%) | Mkt Cap: 119.4m
- Published:
20 Apr 2023 -
Author:
David Jeary -
Pages:
3
IG Design Group’s post-close trading update on FY23 to 31 March reveals outperformance in terms of profitability and cash against market expectations. Compared with upgraded guidance to a small adjusted profit before tax for FY23 at the time of the interims, management anticipates a figure of $9m (cf Progressive forecast of $1.9m). Year-end cash of $50m represents around a 66% increase on FY22’s closing position.