20th Oct 2020 14:26
Tatton Asset Management PLC - investment management firm - For the six months to the end of September, adjusted operating profit rises by 22% to GBP5.0 million from GBP4.1 million the year before, on revenue that rose by 13% to GBP11.0 million from GBP9.7 million the prior year.
As at September 30, assets under management up 17% over six months to GBP7.81 billion from GBP6.65 billion at the end of March.
"We adapted seamlessly to the new trading environment and have maintained face-to-face engagement with our IFAs, where possible. We have also redeployed resources to direct online engagement, running multiple interactive virtual events and frequent video investment updates, which have been well received and have proved to be very successful," said Chief Executive Officer Paul Hogarth.
"As we look forward, the group is well positioned to take advantage of the opportunities that lie ahead, and we remain optimistic and confident the group will continue to grow and make progress," Hogarth added.
Current stock price: 300.74 pence
Year-to-date change: up 11%
By Dayo Laniyan; [email protected]
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