RE: Liontrust Asset Management1 Dec 2021 13:36
(Sharecast News) - Fund manager Liontust Asset Management said on Wednesday that interim profits had tripled as revenues soared throughout the half.
Liontrust said pre-tax profits came to £31.1m in the six months ended 30 September, more than 300% higher than the £6.9m reported in the same period a year earlier.
Revenues were up 66% to £114.9m as assets under management and administration rose 15% to £35.66bn, boosted by £2.09bn in net inflows and £2.64bn from a strong investment performance.
As a result, Liontrust opted to double its interim dividend to 22.0p from 11.0p, stating it was confident about further growth over the coming months.