IFG Asia Company Background

IFG Asia is part of the IFG Group PLC (www.ifggroup.com) founded in Ireland in the 1980's, a global financial services organization listed on the London and Dublin Stock Exchanges with 23 offices and over 700 employees worldwide. IFG Group's market capitalization as of March 2011 is €230 million. The group now has over €70 billion under management and administration. (as of March 2011)

IFG Asia offers financial planning and investment advice to Expatriate individuals and in Japan and South Korea. The company is registered as a financial instruments firm with the Ministry of Finance (Kantoh Finance Bureau) to offer investment advice to residents of Japan (Registration Number 487).

Financial Highlights for IFG Group plc (2010 Preliminary Results)

Key highlights include:

·                       Revenue of €120.6 million (2009: €93.3 million)

·                       Adjusted operating profit of €4.4 million (2009: €9.0 million)

·                       Adjusted EPS in cent per share of 18.77 (2009: 19.80)

·                       EPS in cent per share of 4.71 (2009: 7.18)

·                       Adjusted dividend in cent per share of 4.0 (2009: 3.63)

·                       Total assets under administration and advice of circa €70 billion (including  €14 billion in James Hay)

Commenting on the results, Mark Bourke, CEO of IFG Group plc said, "In 2010 we delivered expected earnings, substantially deleveraged the group and successfully integrated the aquisition of James Hay. This positions the group to expand organically and by acquisition, building on our leading market positions. We look to the furture with confidence". 

Price for IFP:IDSECTOR COMPARATIVE RETURNS v Index

Source - Bloomberg