Impax Asset Management Group, an AIM listed investment manager, said that its assets under management (AuM) increased 27% to £2.8bn for the year ending 30 September 2014 from £2.2 at end of September 2013.
The company’s revenue for the fiscal year 2014 increased to £20.4m, up 10.3% from £18.5m reported in the year ago period.
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Operating earnings also grew to £5.3m from £4.3m for the year starting from 1 October 2013 to 30 September 2014.
However, the group reported a profit before tax (PBT) of £3.5m for the year, compared with £3.4m in the year ago period.
For this period, assets under discretionary and advisory management (AUM) were up 25% to £2.75bn from £2.2bn.
Additionally, cash reserves held by operating entities of the Group as of 30 September 2014 increased to £17.2m from £16.5m posted a year ago, while seed investments were £10.2m and shareholders’ equity had increased to £24.9m for the year.
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By GlobalDataKeith Falconer, chairman of the Group, said: "It is pleasing to report several milestones this year: the addition of a sustainable property capability in response to strong investor demand for this real asset class, a 25% growth in our AUM, and the Company’s Queen’s Award for Enterprise: Sustainable Development."
"In line with the Company’s progressive dividend policy, the Board is proposing an increased final dividend, which if approved, would raise the dividend payout over the year by 56% compared to 2013," he added.
Ian Simm, CEO of Impax, said: "Our mandate pipeline is particularly encouraging and we are confident that the plan to build on our strong foundations will create further value for shareholders."
