Aberdeen AM sees half-year revenue jump by a quarter

Martin-GilbertAberdeen Asset Management has seen a 25% increase in its revenue, the London-listed company’s interim results show today. Revenue garnered in the six months to the end of March 2013 was £516 million (€613 million), giving a profit before tax of £222.8 million, an increase of 37% over the same period that ended in March 2012. Martin Gilbert, chief executive of the company, says: “It has been a strong first half to the year with investors’ appetite for risk assets returning. As a result we have seen healthy net new business flows which, combined with performance by global markets, has generated strong growth in our revenue and in profit margins.” However, he says Aberdeen remains cautious on the market outlook. Asset under management were £212.3 billion. ©2013 funds europe

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