Liontrust Asset Management has registered an adjusted pre-tax profit of £12m for the six months period ended 30 September 2017, a surge of 76% compared to £6.8m in the year ago period.
Pre-tax profits were £3.6m, a jump of 61% compared £2.2m in the year ago half. This includes costs of £8.4m related to the amortisation of the related intangible asset, other non-cash and non-recurring costs, the firm said in its half yearly report.
Go deeper with GlobalData
The group generated revenue of £35m during the period, an increase of 57% from £22m in the year ago half.
Liontrust’s assets under management totalled £9.6bn as at 30 September 2017, and £10.1bn as at 21 November 2017. Net inflows nearly doubled to £178m from £92m last year.
Liontrust Asset Management CEO John Ions said: “Our assets under management are now in excess of £10 billion, with net inflows of £178 million in the first half of the financial year. This is a testament to the determination and talent that exists within Liontrust.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
