LONDON (dpa-AFX) - Hargreaves Lansdown Plc. (HL.L) reported that its third-quarter operating revenue rose 23% to 76.3 million pounds from last year's 62.1 million pounds.
Net inflows were 1.80 billion pounds in the third-quarter, compared to 1.00 billion pounds last year.
For the nine months to 31 March 2013, operating revenue was 216.6 million pounds, up 24% from 175.0 million pounds in the prior year period.
Net inflows for the year to date, at 3.44 billion pounds, were up 59% on the comparative nine month period.
The value of assets held within the Vantage service, the Group's direct-to-private investor platform, increased by 16% from 28.5 billion pounds at 31 December 2012 to 33.0 billion pounds at 31 March 2013. During the same period, the UK stock market rose by 9.3%. The increase can be attributed to 1.72 billion pounds net new business inflows and a 2.73 billion pounds positive impact of the market and other growth factors during the period.
During the nine months to 31 March 2013, net business inflows to Vantage totalled 3.26 billion pounds compared with 2.09 billion pounds during the nine months to 31 March 2012.
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