Jupiter Fund Management releases positive results for last year

growthJupiter Fund Management results for 2014 show that the fund manager had a successful year, with a 40% increase in

profits before tax up to £160 million (€218 million) from £114.1 million the previous year.

Over a year, there was an underlying earnings per share increase of 5% to 26.4p and total dividends per share doubled to 24.7p.

There was also continued growth into Jupiter's core mutual fund franchise, with net fund inflows of £1.4 billion.

After a successful completion of its private client contracts sale, Jupiter was able to distribute £22.4 million to shareholders.

Maarten Slendebroek, chief executive at Jupiter, says: ""It has been another busy and successful year for Jupiter. We have made encouraging progress on diversifying and growing our core mutual fund franchise."

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