Aberdeen sees 2012 revenues and assets grow

Profits growthAberdeen Asset Management has seen an 11% increase in revenue this year. The London-listed investment house says revenues were £869.2 million (€1.07 billion) compared to £784 million last year. Assets under management increased by 10% to £187.2 billion and there has been a 21% increase in earnings per share. Martin Gilbert, chief executive, says: “This has been a difficult and uncertain year in the financial markets. Against this backdrop we are pleased to have delivered extremely strong performance for our shareholders by focusing on investment performance and by delivering for our clients. “We have been rewarded by continuing strong interest in our funds and significant growth in assets under management. We have strengthened our balance sheet further and remain confident that our long-term philosophy and rigorous investment processes will continue to drive investment performance and shareholder value." Aberdeen released its full-year results this morning. ©2012 funds europe

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