LONDON (dpa-AFX) - Ashmore Group plc (ASHM.L) posted first-half pre-tax profit of 129.8 million pounds, up from 127.6 million pounds last year.
Profit attributable to equity holders for the half year were down to 93.8 million pounds from 95.7 million pounds a year ago. Earnings per share fell to 13.24 pence from 13.52 pence in the prior-year period.
Net revenue grew to 181.0 million pounds from 173.7 million pounds in the same period last year.
Assets under management, or AuM, was $60.4 billion at 31 December 2011, a decrease of $5.4 billion from 30 June 2011.
Commenting on the results Mark Coombs, Chief Executive Officer of Ashmore Group plc said,
'Whilst AuM levels increased in our second quarter, they declined overall in the period, in line with significant falls in global indices during our first quarter. We have maintained net inflows throughout and achieved satisfactory financial performance.'
Further, the company said that an interim dividend of 4.25 pence per share will be paid on 4 April 2012.
Copyright RTT News/dpa-AFX
