Did The Jailing Of Russian Billionaire Mikhail Khordokovsky Impact On The Profits Of Ifg's Iom Operation?

[manxchatterbox]

IFG posts E3m profit for 2005

Wednesday, April 12 08:09:38

 

Financial services company IFG today reported pre-tax profits of just under E3m for 2005, a considerably better performance after posting losses of E3.2m in 2004.

 

The company said that excluding exceptional charges and goodwill, pre-tax profits increased from E6.7m to E10.7m on turnover of E92.7m (down 3pc on 2004).

It also declared that earnings per share were 1.69c, with a final dividend of 2.05c.

Stockbrokers at Davy said that the results were slightly ahead of forecasts.

The company said that a 30pc increase in lending at its Irish mortgage business increased profits by 48pc to E3m.

 

However, despite describing IFG said profits in its international trustee and corporate service division had fallen slightly at E5.1m. IFG said that this was the result of an "exceptional" year in 2004.

A shake-up of its operations in the UK led to its financial services business posting a profit of E900,000, following a loss of E1.5m loss in 2004.

 

Photo:-

Tuesday May 21, 2002, Moscow, Russia

Mikhail Khordokovsky

Moscow, Russia, 21/05/2002. Mikhail Khordokovsky, CEO & Chairman of the giant Yukos oil company, at the Yukos headquarters.

Credit: Jeremy Nicholl / Polaris

[manxchatterbox]

and Platon Lebedev, who was also a director of the IOM Co administered by IFG, won't be seen around for some time either...

 

Link:-

 

http://en.wikipedia.org/wiki/Platon_Lebedev

[Gladys]

And your point is ?

[Ripsaw]

...and the award for the longest title to a thread *EVER* goes to...

[Declan]

We never got threads like this on Manx Net or BeeManx.

[Albert Tatlock]

Check the leads at the back of your computer MCB, you seem to have your Reuters news connection somehow directly feeding these forums. (Hint: It's the cable marked 240V AC - put it in your ear to see if there are any transmissions coming in - that should sort it!).

[manxchatterbox]

but its the software programe that sorts and highlights potentail relevance to the IOM which is plugged in...

[Gladys]

What's a 'potentail' something like a rat, but more conspiratorial?

[manxchatterbox]

and am surprised AT should suggest something so dangerous particularly after what happened in 1971 to his niece Val with the faulty hairdryer!!

[Albert Tatlock]

and am surprised AT should suggest something so dangerous particularly after what happened in 1971 to his niece Val with the faulty hairdryer!!

I'm surprised I'm saying anything...since I've been dead over 20 years!

[Mission]

I reckon MCB is Obs on a mega pisstake you know.

 

[manxchatterbox]

 

 

but next time AT is out if he sees me I'll buy him a half of milk stout....

[Gladys]

Have you, aah?

[manxchatterbox]

 

without my hairnet and with Minnie Caldwell drinking milk stout in the snug room of the Rovers, January 1961.

 

 

 

so, unless of course my best mate is in the snug...