Intermediate Capital reveals half-y

Intermediate Capital Group Plc (ICG) has announced its results for the six months ended 31 July 2005. For the first time, these results have been prepared under International Financial Reporting Standards (IFRS). Core income rose by 28% to £44m, compared to the first half of last year. This resulted from growth in net interest income due to an increase in the loan book and the impact of the new accounting standards. On a like-for-like basis, under UK GAAP the increase would have only been 18%. Gains on investments were particularly strong in the period and pre-tax profits for the first half almost doubled to £78.5m.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe