Business
Preliminary Final Results
Preliminary Final Results.
About this update from Ashmore Group Plc
[{"type":"text","content":"\n Ashmore Group PLC\n12 September 2007\n\n\nPress release\n\n\nAshmore Group plc\n\n\n12 September 2007\n\n\nPRELIMINARY RESULTS FOR THE YEAR ENDED 30 JUNE 2007\n\nAshmore Group plc, one of the world's leading emerging market investment\nmanagers, today announces its audited results for the year ended 30 June 2007.\n\n\nFinancial highlights\n\n• Assets under management of US$31.6 billion at 30 June 2007, up US$11.5\n billion, 57% in the year\n\n• Net management fees of £126.4 million, 61% higher than for the year\n ended 30 June 2006\n\n• Performance fees of £20.4 million (£54.2 million for the year ended \n 30 June 2006)\n\n• Profit before tax of £131.4 million, up 26% (a 36% increase at\n constant exchange rates, see note below)\n\n• Basic eps of 13.7p (2006: 10.8p) and diluted eps of 12.9p (2006: 10.4p)\n\n• A final dividend of 6.7p per share will be paid on 7 December 2007,\n giving a total dividend for the year of 9.0p.\n\n\nNote: The increase in profit before tax at constant exchange rates is calculated\n by restating the prior year at the current year's average US$/£ exchange rate.\n\n\n\nCommenting on the results Mark Coombs, Chief Executive Officer Ashmore Group\nplc, said:\n\n'During the year we continued to make significant advances towards our strategic\ngoal to be the leading emerging markets investment manager. These results\nclearly demonstrate the progress we have made in the year, enhancing our\nlong-term track record. The Group is well placed to continue its growth momentum\ninto the 2008 financial year'.\n\n\nAnalyst/investors briefing\n\nThere will be a presentation for analysts at 09.30 on 12 September at the\noffices of Goldman Sachs at Peterborough Court, 133 Fleet Street, London EC4A\n2BB. There will be a conference call for US based analysts and investors at\n14.00 London time, 09.00 US Eastern time. Dial in details are available upon\nrequest from Penrose Financial on the number below. A copy of the presentation\nwill be made available on the Group's website at www.ashmoregroup.com.\n\n\nContacts\n\n\nFor further information, please contact:\n\nAshmore Group plc +44 20 7557 4100\nJim Pettigrew +44 20 7557 4157\nChief Operating and Financial Officer\n\n\nPenrose Financial +44 20 7786 4888\nGay Collins +44 7798 626 282\n\n\n\n\nAshmore Group plc\n\n\nResults overview\n\nThe 2007 financia...