Liontrust Asset Management has reported pre-tax profit of £3.2m for the six months to 30 September, more than doubled compared with £1.3m in the year ago period.
The company posted £284m in net inflows for the first half of 2014, down on the £315m from a year earlier.
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Revenues for the period were also up 17% year-on-year, while adjusted operating profit before tax rose by 32% to £5.1m.
As of 30 September 2014, the company’s assets under management stood at £3.8bn, up from £3.4bn in 2013.
John Ions, chief executive, said: "I am pleased with the progress we have made in the first six months of the financial year, both through the continued growth of the business and the investment we have made to help propel our future expansion.
"We have now recorded seventeen consecutive quarters of net inflows. This is pleasing given that in September 2014, according to the Investment Management Association (IMA), retail sales across the industry fell to their lowest level since January 2013."
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