Liontrust Asset Management has recorded an adjusted pre-tax profit of £5.9m for the six months ended 30 September 2015, an increase of 16% compared to £5.1m in the same period last year.
Pre-tax profits were £4.2m for the period, compared to £3.2m a year ago. This includes a loss of £1.67m of adjustments.
The group generated revenue of £18.7m for the first six months of 2015, up 18% compared to £15.8m in the year ago period.
Liontrust’s total assets under management rose to £4.4bn on 30 September 2015, up from £3.8bn a year ago, while assets under management were £4.6bn on 6 November 2015.
Liontrust Asset Management has reported net inflows of £110m for the six months to 30 September 2015, a decline of 61% compared to £284m a year ago.
The firm’s adjusted basic earnings per share were 10.82 pence, an increase of 11% from 9.73 pence per share in 2014. The company lifted its interim dividend 50% to 3p a share.
Liontrust Asset Management CEO John Ions said: “Our AuM, revenues and profit before tax are all significantly higher than they were in the first half of the last financial year and we will be paying an interim dividend of 3.0 pence per share, which is 50% higher than we paid this time last year.
“From launch on 10 November 2005 to 31 October 2015, the Fund returned 227.4% against 85.5% by the average fund in the IA UK All Companies sector and 81.3% by the FTSE All-Share Index (Source: Financial Express, total return, bid-to-bid retail class).
“We have broadened our fund management offering and we now have seven excellent teams. This is reflected in the growth of our alternative investments capability, with these funds being central to the expansion of our distribution in Continental Europe.”