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IFG Group Interim Results 2008

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  Adjusted
Measures
6 Months
ended
30 June 2008
 Adjusted
Measures
6 Months
ended
30 June 2007
 IFRS
6 months
ended
30 June
2008		 IFRS
6 months
ended
30 June
2007
  Unaudited
€'000

Unaudited
€'000

 Unaudited
€'000		 Unaudited
€'000
Revenue n/a n/a 58019 61,539
Operating Profit 11,000 11,012 8,550 8,955
Profit before income tax 9,913 9,940 7,463 7,883
Adjusted earnings per ordinary share - in cent t 12.80 12.11 n/a n/a
Basic earnings per ordinary share - in cent n/a n/a 9.34 9.13
Group net debt 38,789 24,389
Interim dividend per ordinary share - in cent 1.27 1.16

Commenting on the results, Mark Bourke, CEO of IFG Group plc said,

“The Group has performed well in difficult market conditions. This reflects our focus on robust business models which emphasize the benefit of repeat income streams. The underlying rate of profit growth was 12% which was off set by the movement in sterling. We believe that our strong management, cash flow and balance sheet will enable us to continue to deliver even in these difficult markets.”

For Further information please contact :
Mark Bourke
Chief Executive
IFG GROUP PLC
Tel Dublin (353 - 1) 2752800
E-mail: group@ifg.ie

© IFG Group plc 2008
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie