IFG Group (“IFG”) has reported strong final results for FY15. Revenues were broadly in line with our forecast, however, as a result of improvement in the underlying margin performance in James Hay, IFG has delivered 8.1p adj. EPS for the period – ahead of our 6.7p forecast. The balance sheet remains strong and net cash has grown to £27.3m on strong operating cash flow and consideration from disposals. We expect IFG to continue to deliver strong shareholder returns from further growth in an opera ....
22 Mar 2016
Earnings ahead on significant improvement in JHP margin
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Earnings ahead on significant improvement in JHP margin
IFG Group (“IFG”) has reported strong final results for FY15. Revenues were broadly in line with our forecast, however, as a result of improvement in the underlying margin performance in James Hay, IFG has delivered 8.1p adj. EPS for the period – ahead of our 6.7p forecast. The balance sheet remains strong and net cash has grown to £27.3m on strong operating cash flow and consideration from disposals. We expect IFG to continue to deliver strong shareholder returns from further growth in an opera ....