5th Mar 2015 07:36
LONDON (Alliance News) - Schroders PLC Thursday raised its dividend as it reported growth in pretax profit, net inflows from clients and assets under management in 2014.
In a statement, the asset manager said it made a GBP517.1 million pretax profit in 2014, compared with GBP447.5 million in the prior year, as net revenue rose by GBP123.6 million to GBP1.53 billion and operating expenses increased by GBP55.3 million to GBP1.03 billion.
Net inflows amounted to GBP24.8 billion in 2014, compared with GBP7.9 billion in 2013, helping assets under management to swell by 14% to GBP300.0 billion.
Schroders upped its dividend for 2014 by 20 pence to 78.0 pence per share.
"In an extraordinarily low interest rate environment financial markets have been resilient despite numerous macro-economic uncertainties. This may continue for some time although we expect to see greater volatility in markets and therefore in investor demand in 2015," Schroders said in a statement.
"Our focus remains on the long term where we see a wide range of growth opportunities in the UK and internationally. We believe that our strategy of building a business which is highly diversified across different clients, asset classes and regions will continue to deliver value for clients and shareholders," Schroders said.
By Samuel Agini; [email protected]; @samuelagini
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