Liontrust Asset Management recorded an adjusted pre-tax profit of £8.4 million in the year ending 31st March 2014, an increase of 122% compared to the same time last year.
Pre-tax profits were £3.7 million, compared to last year’s £3.9 million loss, when considering costs of £4.7 million, which were attributed in part to the acquisition of North Investment Partners.
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In addition, assets under management (AuM) grew to £3.6 billion, a 19% rise from the same time last year.
John Ions, chief executive, said: "It has been a very successful year for Liontrust. Among the highlights are assets under management increasing by 19% to £3.6 billion, a further four quarters of net inflows, adjusted profit before tax rising 122% to £8.4 million, adjusted operating margin increasing by 51% to 30%, net cash growing 55% to £12 million and revenues increasing 39%."
