IFG Group plc announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported revenue of GBP 39,901,000 compared to GBP 34,513,000 a year ago. Operating profit was GBP 4,032,000 compared to GBP 2,217,000 a year ago. Profit before income tax was GBP 4,036,000 compared to GBP 2,265,000 a year ago. Profit for the period from continuing operations was GBP 2,767,000 or 2.61 pence per diluted share compared to GBP 1,423,000 or 1.35 pence per basic and diluted share a year ago. Profit for the period was GBP 2,767,000 compared to GBP 1,451,000 a year ago. Profit for financial period attributable to owners of the parent company was GBP 2,767,000 or 2.61 pence per diluted share compared to GBP 1,331,000 or 1.26 pence per basic and diluted share a year ago. Net cash generated from operating activities was GBP 1,234,000 compared to net cash used in operating activities of GBP 569,000 a year ago. Purchase of property, plant and equipment was GBP 715,000 compared to GBP 380,000 a year ago. Purchase of intangible assets was GBP 1,308,000 compared to GBP 1,900,000 a year ago. Adjusted operating profit was GBP 5.8 million compared to GBP 4.4 million a year ago. Adjusted EPS was 4.05 pence compared to 2.87 pence a year ago.

The company provided revenue guidance for the second half of 2016 and full year of 2017. The company announced 25 bps reduction will reduce second half of 2016 revenues by up to GBP 1.2 million, with a larger impact in 2017 assuming no further changes to interest rates.