LONDON -- The shares of IG Group (LSE:IGG) added 4 pence to 594 pence this morning after the spread-betting specialist revealed its fourth-quarter revenues had improved 8%.
The FTSE 250 mid-cap said its turnover during February, April, and May had advanced from £96 million to £104 million.
The company claimed its clients had responded to a number of separate market events, including the Cypriot bank "bail-in," the gold-price slump, and actions from the Bank of Japan during the last three months.
IG added the Q4 performance had helped second-half revenue climb 13% to £193 million, although turnover for the 12 months to May 2013, at £362 million, was 1% lower than the £366 million registered the year before.
IG did confirm, however, that "actions... to slow down investment" had reduced operating costs and had helped 2012-13 profits before tax come in ahead of the prior year.
Prior to today, some City experts were expecting IG's earnings to have dropped from 37 pence to about 34 pence per share. Assuming earnings remain at 37 pence per share, the shares are valued on a P/E multiple of 16.
A trailing 22.5 pence per share dividend currently supports a 3.8% income.
Of course, whether those ratings, this morning's Q4 update, as well as the wider prospects of the spread-betting sector all combine to make IG a buy is something only you can decide.
However, if you already own IG shares and are looking for more buying opportunities, this exclusive wealth report reviews five particularly attractive possibilities.
Indeed, all five opportunities offer a rich mix of robust prospects, illustrious histories and dependable dividends. Just click here for your report -- it's free.
Maynard does not own any share mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.