Jupiter Fund Management has reported pre-tax profit of £114.1 million for the year 2013, an increase of 55% compared with £73.6 million a year ago.
The fund manger attributed the surge in pretax profit to the rise in operating earnings, reduced finance costs and the gain made from the sale of the holding in Cofunds to co-investor Legal & General Group.
Go deeper with GlobalData
For the year ended 31 December 2013, revenue was £388.8 million, an increase of 12% compared with £346.4 million in 2012.
Assets under management (AuM) rose by 20% to £31.7 billion from £26.3 billion, after strong net inflows of £1.2 billion over the year.
The fund manager raised the total 2013 dividend by 43% to 12.6 pence.
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.
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
