Liontrust posts strong year-end results

UK-based independent fund manager Liontrust Asset Management has seen its profits and revenues increase by 21% and 22% over the course of a year respectively, the firm has revealed.

It’s adjusted profits before tax reached £14.6 million (€18.4 million) by March 31 this year, compared to £12.1 million in 2015. Revenues hit £45 million in the same time period compared to £37 million the year before.

The firm’s assets under management (AuM) increased by 7% to £4.8 billion, a £300 million increase compared to 2015. The firm also predicts that its AuM will go over the £5 billion milestone once its acquisition of Argonaut Capital Partner’s European income business completes next month.

Liontrust has also seen its dividend per share increase by 50% to 12p, compared to 8p the previous year.

Given the difficult market conditions over the course of the year, the firm still recorded positive flows into its funds of £255 million, although this figure pales in comparison to its 2015 figure of £667 million.

“The continued growth of your company and the momentum behind it is very pleasing given how competitive our industry is and some of the challenges facing all fund management groups,” said Liontrust’s executive chairman Adrian Collins, who is stepping down from the position to become a non-executive chairman on September 13.

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