Business
Hardman & Co publication on City of London I...
Hardman & Co publication on City of London I....
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\nHardman & Co Research\n\n\n\n\n\n\nHardman & Co publication on City of London Investment Group (CLIG): Good fund performance and solid results 02-Oct-2024 / 07:45 GMT/BST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\n\nHardman & Co Research on City of London Investment Group (CLIG): \n\nGood fund performance and solid results\n\n \n\nCity of London has announced its full-year results for 2024. As stated in the trading statement, FUM was $10.24bn, a 9% increase over the year. While market performance offset net outflows, there was a significant improvement in the latter in the second half, which bodes well going forward. Underlying profit before tax of $27.2m was a 0.5% increase over 2023’s $27.0m. A higher effective tax rate meant that underlying EPS declined 3% from 43.4¢ to 42.2¢. As previously announced, the final dividend was unchanged, at 22p, making 33p for the year as whole. Cash balances increased, to $33.7m, from $25.9m as of 31 December 2023.\n\n \n\nPlease click on the link below for the full report:\n\nhttps://hardmanandco.com/research/corporate-research/good-fund-performance-and-solid-results/ \n\nIf you are interested in meeting the company, you can register your interest by clicking on the above link.\n\n\n To contact us:\n\n Hardman & Co\n\n 9 Bonhill Street\n\n London\n\n EC2A 4DJwww.hardmanandco.com\n\n \n\n Follow us on X:\n\n @HardmanandCo\n \n \n Contact:\n\n Brian Moretta\n\n \n \n \n \n\n [email protected] \n \n Hardman & Co Research can be accessed for free under MiFID. Please click here to read the statement.\n\nAbout Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\n\nEnd of Announcement - EQS News Service\n\n\n\n1999999 02-Oct-2024 \n\n\n\n \n\n","length":8038,"t...