LONDON (dpa-AFX) - St. James's Place plc. (STJ.L), a wealth management group, reported Wednesday that its first-half IFRS profit before shareholder tax declined to 60.5 million pounds from last year's 67.0 million pounds.
IFRS underlying profit before tax was 73.8 million pounds, compared to 72.9 million pounds a year ago.
On EEV basis, new business profits increased to 228.9 million pounds from 205.9 million pounds last year. Operating profit was at 284.0 million pounds, compared to 265.3 million pounds last year.
Gross inflow of funds under management grew to 5.3 billion pounds from 4.4 billion pounds in 2015. Net inflow of funds under management was 3.1 billion pounds, higher than prior year's 2.7 billion pounds.
Group funds under management climbed to 65.6 billion pounds from 55.5 billion pounds last year.
Further, citing the continued strong business performance, the Board has declared a 15% increase in the interim dividend to 12.33 pence per share.
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