Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Jupiter Fund Management PLC on Thursday reported a higher profit and assets under management in the first six months of 2023.
Jupiter Fund shares rose 12% to 121.50 pence each on Thursday afternoon in London.
The UK fund management group managing equity and bond investments for investors said pretax profit jumped 85% to £34.8 million from £18.8 million a year prior. Assets under management grew to £51.4 billion from £48.8 billion.
Total dividends per share decreased 19% to 6.4 pence from 7.9p though.
Looking ahead, Chief Executive Officer Matthew Beesley said: ‘The short-term outlook remains uncertain, but we are well-positioned for growth over the medium term and confident that our strategy is the right one.’
Copyright 2023 Alliance News Ltd. All Rights Reserved.