French asset manager Amundi has reported net income – group share of €153m for the fourth quarter of 2016, a 16.5% rise compared to €131m in the year ago.

The company’s pre-tax income for the quarter ended 31 December 2016 stood flat at €215m.

Net revenue increased 2.7% to €443m from €431m the year ago. Gross operating income remained flat at €207m.

The group’s cost income ratio at the end of the fourth quarter of 2016 was 53.2%, up compared to 52.2% in the prior year.

Amundi's assets under management were €1.08 trillion as on 31 December 2016, an increase of 9.9% from €985bn at the end of December 2015.

Amundi CEO Yves Perrier said: “The 2016 results confirm the profitable growth trend Amundi has demonstrated since it was created.

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