LONDON (dpa-AFX) - Aberdeen Asset Management Plc. (ADN.L) reported that its profit before taxation for for six months to 31 March 2017 rose to 115.0 million pounds from 98.8 million pounds last year.
Profit attributable to equity shareholders of the Company increased to 79.9 million pounds or 6.10 pence per share from 70.6 million pounds or 5.41 pence per share last year.
Underlying profit was 195.2 million pounds, up from 162.9 million pounds in the previous year. This represents underlying earnings per share, on a diluted basis, of 11.5 pence, compared to 9.6 pence in the previous year.
Assets under management ended the period at 308.1 billion pounds compared to 312.1 billion pounds at 30 September 2016.
Net revenue for the period was boosted by markets and currencies and grew by 10.6% to 534.9 million pounds from 483.6 million pounds in the prior year.
Operating expenses for the period increased to 346.3 million pounds from 327.7 million pounds, with the weakening of sterling adding £45 million to the cost base. On a constant currency basis, costs were 26 million pounds lower than last year.
The Board has decided to pay an interim dividend of 7.5 pence per share, unchanged from the interim dividend announced last year, and this will be paid on 15 June 2017 to qualifying shareholders on the register at 12 May 2017.
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