Hargreaves Lansdown increases interim dividend by 23.5%

DividendMax Ltd.

Hargreaves Lansdown increases  interim dividend by 23.5%

Hargreaves Lansdown plc

Interim results for the six months ended 31 December 2012

"Hargreaves Lansdown's results demonstrate that a reputable company can, even in this climate, add genuine benefit to the UK economy and public, whilst paying its taxes in full. Focusing on clients, Hargreaves Lansdown is helping UK retail investors to build their personal wealth. Funds, shares and other investments are a great way to save - more people should be encouraged to buy them."

Ian Gorham, Chief Executive

Hargreaves Lansdown plc ("HL" or "the Group") today announces interim results for the six month period ended 31 December 2012.

Highlights

Continued growth with record revenue (up 24% to £140.3m) and record profit before tax  (up 30% to £93.7m)

Total net business inflows for the 6 months of £1.65 billion, up 42% (H1 2012: £1.16bn)

Total assets under administration of £30.4 billion (up 30% on 31 December 2011 and 16% on 30 June 2012)

Continued growth in active Vantage client numbers, now 446,000, an increase of 21,000 since 30 June 2012 (H1 2012: 16,000)

Total interim dividend up 24% to 6.3 pence per share (H1 2012: 5.1 pence)

Commenting on the results, Ian Gorham, Chief Executive said:

"In the six months to 31 December 2012 Hargreaves Lansdown again achieved record revenue, profits and assets under administration (AUA). Profits rose 30% and Assets Under Administration now stand at over £30bn, up £7bn from just one year ago.

Despite continued economic uncertainty in the UK, Hargreaves Lansdown has had the scale, financial strength and market presence to continue to improve its position. Clients appreciate our excellent value, service and informed comment. These results reflect our commitment to clients, the financial security of our business and our ability to provide ever more attractive ways of saving money and investing through a Hargreaves Lansdown account. 

In turbulent times wise investors focus firstly on the security of their assets and trustworthy service. As a listed company with a 30-year reputation and a strong balance sheet, Hargreaves Lansdown, as the UK's no.1 Investment Supermarket, is uniquely placed to deliver that security and service to the UK public.

The economic environment remains challenging, but we are pleased that Hargreaves Lansdown continues from strength to strength.

I would like to thank all our employees for their valuable contribution in the record achievement of the first six months and for continually striving to deliver and improve our services. I would also like to thank our clients for their continued support and recommendation, for which we remain grateful and determined to continue to repay their confidence."

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