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Liontrust Asset Management profit climbs as net assets rise

By BFN News | 09:08 AM | Wednesday 20 November, 2019


Fund management group Liontrust Asset Management reported a rise in profit as net assets were boosted by a jump in fund inflows. For the six months ended 30 September 2019, adjusted pre-tax profit rose 17% to £17.0m on-year and net asset value rose to £14.6bn from £12bn as net inflows rose to £1,367m from £723m. The company declared a maiden interim dividend per share of 9.0p. The Neptune acquisition, completed on 1 October, added £2.7bn of AuM and took Liontrust's AuM to £17.4bn, Liontrust said. At 9:08am: (LON:LIO) Liontrust Asset Management PLC share price was -2p at 894p Story provided by StockMarketWire.com

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