Business
Interim Results - Amendment
Interim Results - Amendment.
About this update from Ashmore Group Plc
[{"type":"text","content":"\n Ashmore Group PLC\n27 February 2007\n\nThe following replaces the Interim Results released today at 7.01 am under RNS \nno 9070R. The table under the heading 'Operations and investment theme review' \nhas been corrected. Three of the headings were transposed incorrectly.\n\nPRESS RELEASE\n\n\n\n27th February 2007\n\n\nAshmore Group plc\n\nUNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED\n31 DECEMBER 2006\n\nAshmore Group plc today announces its first set of interim results since listing\non the LSE in October 2006.\n\nFinancial highlights\n\n• Assets under management (AuM) of US$26.8bn at 31 December 2006, up US$6.7bn, \n 33% from June 2006\n\n• Net management fees of £55.8m, 62% higher than six months to 31 December 2005\n\n• Performance fees of £8.2m (£38.1m in the six-month period to 31 December 2005)\n\n• Pre-tax profit of £60.2m (up 2%, a 13% increase in underlying terms - note 1)\n\n• Basic eps of 6.31p (2005: 6.42p) and diluted eps of 5.96p (2005: 6.33p)\n\n• A maiden interim dividend of 2.30p per share will be paid on 27 April 2007\n\nNote 1 -Underlying excludes impact of foreign exchange movements and the results\nof and the gain from disposal of the Group's administration company in December\n2005 from the comparative period.\n\nCommenting on the results Mark Coombs, Chief Executive Officer Ashmore Group\nplc, said:\n\n'The Group continues to focus on and deliver strong performance across its\ninvestment themes, increasing its assets under management and growing net\nmanagement fees. These results demonstrate the excellent start Ashmore has made\nto life as a public company. The board is confident of the Group's prospects for\nthe remainder of the financial year.'\n\nAnalyst briefing\n\nThere will be a briefing for analysts and shareholders at 9.30 am GMT today at\nthe offices of UBS at 1 Finsbury Avenue, London EC2M 2PP. A conference facility\ncan be accessed via +44 (0)20 7162 0025, stating 'Ashmore' and 'Jim Pettigrew'\nas host. The replay facility will be available until midnight on 2nd March\n2007.\n\nThe Replay dial in is +44 (0)20 7031 4064 and the access code is 740092.\n\nContacts\n\nAshmore Group plc Jim Pettigrew +44 20 7557 4157\nPenrose Financial Gay Collins +44 20 7786 4888 / mobile 07798 626282\[email protected]\n\n\nAshmore Group plc\n\nChief Executive Officer's statement\n\nTh...