Financial advice group IFG Group has said that its performance so far this year has been 'satisfactory'.
In a trading update, it said that while it was aware of fluctuations in the value of sterling, it expects to meet full year 2009 market expectations of 18-20 cent adjusted earnings per share.
It added that its international and UK businesses are continuing to perform well despite challenging trading conditions, although it said that trading conditions are extremely difficult in Ireland, which now accounts for less than 5% of annual profits.
In Ireland, IFG said it had fully integrated the two pension administration business acquired in the previous year and it added that it is making good progress in the corporate pensions market.
'We expect this business to be marginally loss-making in the first half of the year with breakeven point at operation level expected to be reached in the second half,' today's trading statement said.
IFG shares closed up 11 cent at 94 cent in Dublin.
