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Jan. 21, 2021, 2:59 a.m. EST

IG Group profit more than doubles

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By Sabela Ojea

IG Group Holdings PLC reported Thursday a more than doubled profit for the first half of fiscal 2021, boosted by rising trading volumes.

The online-trading company posted a pretax profit for the six months ended Nov. 30 of 231.3 million pounds ($315.8 million) compared with GBP101.2 million for the year-earlier period.

Net trading revenue rose to GBP416.9 million from GBP249.9 million for the same period a year earlier. Active clients rose 55% to 238,600, with new client retention rates remaining comparable to historical averages.

The board declared an unchanged interim dividend of 12.96 pence a share.

IG said it expects some reduction in client acquisition if market volatility continues to fade but it will benefit from a higher active client base.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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