Financial services company IFG Group has reported a 5% increase in its revenue to £39.9 million for the first half of 2013, compared to £38 million for the same period in 2012.

The company has reported a pre-tax profit of £2.56 million for H1, a 13% increase on the same period last year.

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Operating profit declined to £2.7 million for the period, compared to £3.3 million in the year ago period.

Total assets under administration and advice grew 6% from 31 December 2012 to £19.1 billion including £14.7 billion in James Hay Partnership, £3.1 billion in Saunderson House and €1.3 billion in Ireland.

IFG Group CEO Mark Bourke said operationally, the core businesses have delivered a good first half result and new business momentum continues.

"Strategically, we have clear direction. Financially, we have a strong and flexible balance sheet allowing further investment. The Group is in good shape and we are building a platform for substantial growth over the medium term," Bourke said.