Business
HALF YEAR RESULTS TO 31ST DECEMBER 2021
HALF YEAR RESULTS TO 31ST DECEMBER 2021.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0556C\n City of London Investment Group PLC\n 18 February 2022\n \n \n \n \n 18th February 2022\n \n \n \n \n \n CITY OF LONDON INVESTMENT GROUP PLC\n \n \n (\"City of London\", \"the Group\" or \"the Company\")\n \n \n \n \n \n HALF YEAR RESULTS TO 31ST DECEMBER 2021\n \n \n \n \n \n City of London (LSE: CLIG) announces that it has today made available on its website, \n \n https://www.clig.com/\n \n , the Half Year Report and Financial Statements for the six months ended 31st December 2021.\n \n \n \n \n \n The above document has been uploaded to the National Storage Mechanism, in accordance with Listing Rule 9.6.1 R, and will shortly be available for inspection at \n \n https://data.fca.org.uk/#/nsm/nationalstoragemechanism\n \n .\n \n \n \n \n \n \n \n \n HALF YEAR SUMMARY \n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Funds under Management (FuM) of US$11.1 billion (£8.2 billion) at 31st December 2021. This compares with US$11.4 billion (£8.3 billion) at the beginning of this financial year on 1st July 2021 and US$10.9 billion (£8.0 billion) at 31st December 2020.\n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n FuM at 31st January 2022 of US$10.8 billion (£8.0 billion)\n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Net fee income representing the Group's management fees on FuM was £29.8 million (31st December 2020: £22.6 million) \n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Underlying profit before tax* was £15.5 million (31st December 2020: £11.2 million). Profit before tax was £13.6 million (31st December 2020: £8.8 million)\n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Maintained interim dividend of 11p per share (31st December 2020: 11p) payable on 25th March 2022 to shareholders on the register on 25th February 2022\n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Special dividend of 13.5p per share (31st December 2020: nil) payable on 25th March 2022 to shareholders on the register on 25th February 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n *This is an Alternative Performance Measure (APM). Please refer to the CEO review for more details on APMs.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For access to the full interim report, please follow the link...