Business
Interim Results
Interim Results.
About this update from Ashmore Group Plc
[{"type":"text","content":"\n Ashmore Group PLC\n26 February 2008\n\nPRESS RELEASE\n\n26th February 2008 07.00\n\nAshmore Group plc\n\nUNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED\n31 DECEMBER 2007\n\nAshmore Group plc ('Ashmore', the 'Group'), a leading specialist emerging\nmarkets asset manager, today announces its interim results for the six months\nended 31 December 2007.\n\nHighlights\n\n• Assets under management ('AuM') of U$36.5 billion at 31 December 2007, up\n US$4.9 billion (16%) from 30 June 2007\n\n• Net management fees of £85.9 million, 54% higher than the six month period to\n 31 December 2006\n\n• Performance fees of £32.2 million (£8.2 million in the six month period to 31\n December 2006)\n\n• Profit before tax of £100.9 million, up 68% from the six months to 31 December\n 2006\n\n• Basic eps of 10.47p (2006: 6.31p) and diluted eps of 9.9p (2006: 5.96p)\n\n• An interim dividend of 3.66p per share will be paid on 25 April 2008 (2007:\n 2.3p)\n\n• Corporate high yield launched as Ashmore's fifth investment theme\n\n• Listing of Ashmore Global Opportunities Limited on the London Stock Exchange\n raised EUR500 million\n\nCommenting on the results, Mark Coombs, Chief Executive Officer of Ashmore Group\nplc said;\n\n'The first half of the financial year has seen the Group achieve strong\nfinancial performance through executing on its stated strategy. Macroeconomic,\ndemographic and political factors underpin the long term growth prospects of the\nemerging market asset classes. The current market volatility continues to\nprovide attractive investment opportunities. The Group's experienced team, the\nbreadth of its product offering and its long term investment performance track\nrecord, position the Group well for continued progress.'\n\n\nAnalyst briefing\n\nThere will be a briefing for analysts at 9.30am GMT today at the offices of\nGoldman Sachs Peterborough Court, 133 Fleet Street, London, EC4A 2BB.\n\nContacts\n\nPenrose Financial Gay Collins +44 20 7786 4882/mobile 07798 626282\[email protected]\n\nAshmore Group plc Graeme Dell, Group Finance Director +44 20 7557 4100\n\n\n\nChief Executive Officer's Statement\n\nThe results for the six months to 31 December 2007 represent a period where\nAshmore Group plc ('Ashmore', the 'Group') has again delivered strong financial\nperformance accompanied by further progres...