Liontrust Asset Management has reported adjusted profit before tax of £3.8 million for the year ended 31 March 2013, compared to £1 million seen last year.
The asset manager saw net inflows of £514 million over the 12-month period, up from £152 million a year ago.
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Liontrust’s assets under management rose from £1.5 billion to £3 billion during the year, while performance fees were down from £3.4 million to £1.3 million.
After reporting a leap in full-year profits and a doubling of assets under management in the year, the asset manager announced dividend of 1p per share, which is its first payout since December 2009.
John Ions, CEO of Liontrust Asset Management, said: "This growth in assets is in no small part due to the extensive restructuring of previous years to create a more focused and organised business. The foundations are well set on which to continue this growth. Our strategy remains to focus on organic growth, acquiring new teams and acquisitions."
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