LONDON (dpa-AFX) - Aberdeen Asset Management Plc (ADN.L) posted first-half pre-tax profit of 124.3 million pounds versus 109.1 million pounds last year.
Underlying profit before tax rose 14% year-over-year to 162.2 million pounds.
Earnings per share were up to 7.95 pence from 6.93 pence in the prior-year period. Underlying earnings per share edged up to 10.43 pence from 8.91 pence a year earlier.
Revenue grew to 413.1 million pounds from 385.9 million pounds in the comparable period a year ago.
Assets under management at period end was 184.7 billion pounds, higher than 181.2 billion pounds last year.
Martin Gilbert, Chief Executive of Aberdeen Asset Management, commented,
'... Our blended average fee rate has been improved by strong inflows into key products and AuM has grown by 9% since our last year end.
'Global economic conditions remain uncertain and any recovery is still tentative. Nevertheless, we remain confident that our long term investment philosophy and process, couple with the scale and diversity of our business and financial strength, leave us well placed to meet the expectations of our investors.'
The Board has decided to pay an interim dividend of 4.4 pence per share, an increase of 16% on the previous year. The interim dividend will be paid on 14 June 2012 to qualifying shareholders on the register at 11 May 2012.
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© 2012 AFX News
