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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.”