Dublin-based financial services group IFG this morning announced a 23 per cent rise in pre-tax profits to €15 million for the year ending December 2007.
The company reported a 20 per cent increase in turnover to €128.8 million and an adjusted earnings per share of 24.17 cent, an increase of 43 per cent.
The dividend per share was 3.63 cent, a rise of 10 per cent. IFG said the value of assets under its administration and advice was now €59 billion.
Mark Bourke CEO of IFG Group described 2007 as a year of exceptional growth.
"Our strategy of building the assets under our control and expanding the advisory services to our client base is clearly delivering. We now estimate the value of these assets at circa €59 billion."
"We believe that even in today's challenging business environment, with our strategy, the geographical spread of our businesses and the repeat nature of our income streams, we will attain the ambitious targets we have set ourselves," he said.
IFG's performance was driven by a better-than-expected performance by the International Trustee & Corporate Service and UK Financial services businesses.