Liontrust Asset Management has registered an adjusted pre-tax profit of £12m for the six months period ended 30 September 2017, a surge of 76% compared to £6.8m in the year ago period.

Pre-tax profits were £3.6m, a jump of 61% compared £2.2m in the year ago half. This includes costs of £8.4m related to the amortisation of the related intangible asset, other non-cash and non-recurring costs, the firm said in its half yearly report.

The group generated revenue of £35m during the period, an increase of 57% from £22m in the year ago half.

Liontrust’s assets under management totalled £9.6bn as at 30 September 2017, and £10.1bn as at 21 November 2017. Net inflows nearly doubled to £178m from £92m last year.

Liontrust Asset Management CEO John Ions said: “Our assets under management are now in excess of £10 billion, with net inflows of £178 million in the first half of the financial year. This is a testament to the determination and talent that exists within Liontrust.”