Impax Asset Management Group plc, an AIM listed investment manager, said its assets under management (AuM) increased 22% to £2.2 billion at 31 March 2013 from £1.8 billion at end of September 2012, reflecting net inflows of £100 million and rising equity markets.
The company’s revenue in the first half of 2013 declined to £8.7 million from £9.2 million reported in the year ago period. Operating earnings also fell to £1.8 million from £2.2 million.
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However, the group reported an unaudited pre-tax profit of £1.5 million, compared with a loss of £2.7 million in the first half of 2012.
Commenting on the results, Impax Asset Management chief executive, Ian Simm, said: "With rising concerns about the pace of climate change, the quality of water and air, the reliability of harvests and the price of materials, investors are increasingly interested in exposure to companies active in resource efficiency and environmental markets. I am therefore pleased that Impax has delivered strong investment performance and secured significant inflows."
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