Business
HALF YEAR RESULTS TO 31ST DECEMBER 2022
HALF YEAR RESULTS TO 31ST DECEMBER 2022.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \n \n 22nd February 2023\n \n \n \n \n \n \n CITY OF LONDON INVESTMENT GROUP PLC\n \n \n \n \n (\"City of London\", \"the Group\" or \"the Company\")\n \n \n \n \n \n \n \n HALF YEAR RESULTS TO 31ST DECEMBER 2022\n \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 2022.\n \n \n \n \n \n The above document will 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 \n HALF YEAR SUMMARY\n \n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Funds under Management (FuM) of US$9.2 billion (£7.6 billion) at 31st December 2022. This compares with US$9.2 billion (£7.6 billion) at the beginning of this financial year on 1st July 2022 and US$11.1 billion (£8.2 billion) at 31st December 2021\n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n FuM at 31st January 2023 of US$9.8 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 £27.3 million (31st December 2021: £29.8 million) \n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n Underlying profit before tax* was £11.7 million (31st December 2021: £15.5 million). Profit before tax was £9.5 million (31st December 2021: £13.6 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 2021: 11p) payable on 31st March 2023 to shareholders on the register on 3rd March 2023\n \n \n \n \n \n \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 \n \n \n \n \n \n \n \n \n For access to the full interim report, please follow the link below:\n \n \n \n \n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/6239Q_1-2023-2-21.pdf\n \n \n \n \n \n \n \n This release includes forward-looking statements, which may differ from actual results. Any forward-looking statements are b...