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Liontrust doubles profits on 19% AUM surge

by James Phillipps on Jun 19, 2014 at 08:25

Liontrust doubles profits on 19% AUM surge

Liontrust Asset Management saw profits more than double after four consecutive quarters of net inflows that swelled assets under management by 19% to £3.6 billion.

The fund group reported adjusted pre-tax profits of £8.4 million over the year to the end of March, up 122% from £3.8 million the previous year. Pre-tax profits were £3.7 million, reversing last year's £3.9 million loss with this figure including £4.7 million of costs, which in part relate to the acquisition of North Investment Partners and its multi-asset team.

Chief executive John Ions (pictured) said: It has been a very successful year for Liontrust. Among the highlights are assets under management increasing by 19% to £3.6 billion, a further four quarters of net inflows, adjusted profit before tax rising 122% to £8.4 million, adjusted operating margin increasing by 51% to 30%, net cash growing 55% to £12 million and revenues increasing 39%.'

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