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Pollen Street Group Ltd on Wednesday celebrated an increase in assets under management and profit, as it anticipated continued growth.
The London-based asset manager said pretax profit jumped 26% to £23.2 million in the first half of 2024, from £18.4 million a year prior.
Management fee income rose 42% to £18.8 million from £13.2 million.
Interest income on credit assets held at amortised costs fell 17% to £24.2 million from £29.1 million.
Total assets under management as at June 30 increased 32% to £4.5 billion from £3.4 billion a year ago.
Pollen Street sharply upped its interim dividend by 66% to 26.50 pence per share from 16.00p a year prior.
Chief Executive Lindsey McMurray said: ‘As we enter the second half of 2024, we remain confident in our strategic direction and our ability to deliver attractive shareholder value. Our strong financial performance, successful fundraising, and deployment position us for continued growth.’
Pollen Street shares were 1.3% higher at 708.78 pence each on Wednesday morning in London.
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