British investment manager Hargreaves Lansdown has reported a profit before tax of £131m for the six months ended 31 December 2016, a 21% increase compared to £108.1m for the same period in 2015.
The firm’s net revenue stood at £184.8m, a rise of 16% from £158.8m in the prior corresponding period.
Net new business inflows were £2.34bn during the six months, a 16% slump compared to £2.77bn in the last year.
Assets under administration reached £70bn at the end of December 2016, a 13% increase from 30 June 2016. Interim dividend increased 10% year-on-year to 8.60 pence per share.
The company’s active client numbers stood at 876,000, an increase of 40,000 since 30 June 2016.
Hargreaves Lansdown CEO Ian Gorham said: “The diversified nature of the Hargreaves Lansdown business has enabled us to deliver significant growth in both revenue and profit.
“Despite macroeconomic uncertainties impacting investor confidence and net new business, clients continue to trust us with their money and benefit from our market-leading investment services.”
