16th Sep 2021 13:02
Brooks Macdonald Group PLC - London-based investment manager - Funds under management end June 30 at GBP16.46 billion, up from GBP13.69 billion at the same point a year before. Negative organic net new business took GBP275 million off group FuM, but Brooks added GBP882 million from acquisitions and a further GBP2.17 billion from investment performance. Annual pretax profit jumps to GBP25.1 million from GBP10.0 million, with revenue up 8.8% to GBP118.2 million from GBP108.6 million. Declares total dividend of 63.0 pence, up 19% from 53.0p year before.
Chief Executive designate Andrew Shepherd says: "I am pleased to report that, in a period dominated by the pandemic, we have not only again delivered strong financial performance, but we have also made further progress against our strategic ambitions. FuM reached record levels, we increased our profit margin and delivered record revenue and underlying profit - at the same time as successfully integrating two acquisitions to increase the group's scale, service offerings, and capabilities."
Current stock price: 2,390.00 pence
Year-to-date change: up 46%
By Paul McGowan; [email protected]
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