ABERDEEN ASSET MANAGEMENT PLC Interim Results for six months to 31 March 2012
Highlights
- Revenue 413.1 million (+7%)
- Underlying profit before tax 162.2 million (+14%)
- Underlying earnings per share 10.43p (+17%)
- Dividend per share 4.4p (+16%)
- Operating margin 40.1% (1H 2011: 38.1%)
- Average fee margin 43.9bps (1H 2011: 40.5bps)
- AuM 184.7 billion (+9% on 30 September 2011)
Martin Gilbert, Chief Executive of Aberdeen Asset Management, commented:
"Aberdeen has achieved further growth in revenue and profit in the first half year, continuing the momentum of 2010 and 2011. Our blended average fee rate has been improved by strong inflows into key products and AuM has grown by 9% since our last year end.
"Global economic conditions remain uncertain and any recovery is still tentative. Nevertheless, we remain confident that our long term investment philosophy and process, couple with the scale and diversity of our business and financial strength, leave us well placed to meet the expectations of our investors."
