Liontrust Asset Management has reported a 55% increase in profit before tax as well as record net inflows in the year to 31 March 2019, in what has been a trying 12 months for the active asset management industry.
In results released this morning (27 June), the group reported profit before tax of £19m, compared to £12.3m in 2018, which includes costs of £11.1m, while adjusted profit before tax stood at £30.1m, up from £27.4m last year. Revenues climbed to £85m, a 10% increase on the £77m reported last year. Additionally, AUM increased to £12.7bn, a 21% increase on the £10.5bn reported end of March 2018, while Liontrust said assets have since climbed to £14bn by 25 June 2019. Net inflows for the annual period were also the highest on record - £1.8bn compared to £1bn last year. This was driven by...
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