Ashmore Group H1 pre-tax profit down 34%

British investment manager Ashmore Group has reported pre-tax profit of £79.5 million for the first, a decline of nearly 34 compared with £120.2 million a year ago.

By Verdict Staff

Verdict Staff

British investment manager Ashmore Group has reported pre-tax profit of £79.5 million for the first, a decline of nearly 34 compared with £120.2 million a year ago.

For the period ended 31 December 2013, earnings per share were 8.83 pence, down from the prior year’s 13.35 pence.

The group’s net revenue during the period declined to £134.6 million from £163.7 million a year ealier.

Additionally, the company’s board has declared a dividend of 4.45 pence per share, reflecting the Group’s strong capital position and the board’s confidence in the business.