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Sat 08 Aug 2008Pretax profits for IFG group static at €9.9m
PRETAX PROFITS at financial services group IFG remained flat at €9.9 million in the first six months of 2008, as weak sterling wiped out underlying growth of 12 per cent and declining volumes saw operating profits for its Irish mortgage business slip by 53.9 per cent.
Revenue at the group, which provides independent financial advisory and fund management services in Ireland and Britain as well as international and trustee corporate services, fell by 5.7 per cent to €58 million from €61.5 million in 2007.
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