2nd Aug 2018 10:38
LONDON (Alliance News) - Sanne Group PLC said Thursday its core businesses have continued to see good growth in revenue and new business wins, and the company expects its annual outcome to be in line with management views.
The fund administrator said new business wins in the first half from new and existing clients totalled GBP11.5 million, up 15% from GBP10.0 million, on a projected annualised fee basis.
The company's alternatives businesses saw good organic performance in EMEA and North America. Corporate & Private Client business put in a broadly flat performance in the first half.
Sanne predicts its organic growth for the full year to exceed the first half organic growth rate, on a constant currency basis. It also estimates revenue for the full year to return to traditional pattern of being second-half weighted, driven by continued organic growth
The company is scheduled to release its results for the six months ended June 30 on September 11.
Shares in the company were trading 4.8% lower at 668.00 pence each.
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