Business
Interim Results
Interim Results.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \nRNS Number : 1951F City of London Investment Group PLC 19 February 2018 \n\n19th February 2018\n \nCITY OF LONDON INVESTMENT GROUP PLC\n(\"City of London\", \"the Group\" or \"the Company\")\n \nHALF YEAR RESULTS TO 31ST DECEMBER 2017\n \nCity of London (LSE:CLIG) announces half year results for the six months to 31st December 2017. \nSUMMARY\n\n• Funds under Management (\"FuM\") of US$5.3 billion (£3.9 billion) at 31st December 2017. This compares with US$4.7 billion (£3.6 billion) at the beginning of this financial year on 1st July 2017 and US$4.1 billion (£3.3 billion) at 31st December 2016 \n• FuM at 31st January 2018 of US$5.8 billion (£4.1 billion) \n• Revenues representing the Group's management fees on FuM were £17.1 million (31st December 2016: £15.4 million) \n• Profit before tax of £6.6 million (31st December 2016: £5.8 million) \n• Increased interim dividend of 9p per share (31st December 2016: 8p) payable on 16th March 2018 to shareholders on the register on 2nd March 2018 \n• Cash and cash equivalents at the period end of £15.6 million (31st December 2016: £10.5 million)\n \nFor access to the full interim report, please follow the link below:\nhttp://www.rns-pdf.londonstockexchange.com/rns/1951F_-2018-2-16.pdf \n \n\nThis release includes forward-looking statements, which may differ from actual results. Any forward-looking statements are based on certain factors and assumptions, which may prove incorrect, and are subject to risks, uncertainties and assumptions relating to future events, the Group's operations, results of operations, growth strategy and liquidity.\n \nFor further information, please visit www.citlon.co.uk or contact:\n \nBarry Olliff (CEO)City of London Investment Group PLCTel: +1 215 313 3774 \nMartin GreenZeus Capital LimitedFinancial Adviser & BrokerTel: +44 (0)20 3829 5000\n \n\nCHAIRMAN'S STATEMENT \nA Chairman needs always to be circumspect in writing any form of market commentary when he knows that his eventual audience, days, weeks or even months later, will have the benefit of hindsight when reading the report. This was brought home to me reflecting on my first draft written before the market turmoil in the second week of February. I had observed that by whatever yardstick one cho...