The chairman of financial services group IFG has told shareholders the company believes it can meet its earnings target for this year. Current market expectations are for IFG to record adjusted earnings per share of 18-20 cent.
Chairman Joe Moran told its AGM the focus was on reducing costs, generating cash and paying down debt.
He said the business was showing resilience, despite 'difficult and demanding' conditions in its main markets.
In a trading update in May, IFG said its international and UK businesses were continuing to perform well, although trading conditions were 'extremely difficult' in Ireland, which now accounts for less than 5% of annual profit.
