Liontrust AUM 36% up by March 2017
Liontrust Asset Management announced its results for the year ended 31 March 2017. The company’s adjusted profit before tax showed an increase of 18%. There was a decrease of 3% in the profit before tax. Revenues of £51m (2016: £45m) showed an increase of 15%. This includes £4.0m of performance fee revenues (2016: £7.4m).
Second Interim dividend per share increased to 11.0 pence (2016: 9.0 pence), which will be payable on 19 July 2017. This brings the total dividend per share for the financial year ending 31 March 2017 to 15.0 pence (2016: 12.0 pence), an increase of 25%.
On 31 March 2017, assets under management (AUM) were £6.5bn (2016: £4.8bn), that is an increase of 36%. The acquisition of Alliance Trust Investments Limited (ATI) completed on 1 April 2017 adding £2.5bn to AUM, taking AUM on 3 April 2017 to £9.1bn. AUM as at close of business on 13 June 2017 were £9.344bn. Net inflows for the year to 31 March 2017 was £482m (2016: £255m).
Commenting on the results, John Ions, chief executive, said: “It has been another successful year for Liontrust as we have recorded a seventh successive year of positive net flows and have continued to develop the infrastructure of the business. Our AUM has risen to £9.3bn on 13 June 2017 and we are well positioned to move forward in an ever-more competitive and demanding environment. The investment we have made in the infrastructure of the Company, client servicing and distribution combined with the broadening of the investment proposition create an excellent platform to continue our growth.
“At a time when asset management is up front and central in providing solutions, it is more surprising how confused the industry looks. Well managed and focused businesses, whether large or small, should benefit from this and continue to grow successfully.”