IFG profits up

Financial services group IFG has reported profits before tax of €2.59m, up from €1.154m for the same period - the six months to the end of June - last year.

Group debt was reduced from €62.8m last year to €41.2m this year. First-half turnover was €44.96m, up from €43.64m in the 2003 first-half period.

The board will pay an interim dividend of 0.76 cent (2003HY 0.73 cent) per share subject to withholding tax at 20%. The dividend will be paid to qualifying shareholders on the Register at the close of business on November 19, 2004. Dividend warrants will be posted on December 3, 2004.

Commenting on the results, Richard Hayes chief executive said: "Further significant debt reduction, strong growth in our more mature businesses and a large investment in recruitment and training in the half year give us confidence of delivering good growth in earnings in the years ahead."