Business
Interim results to 31 March 2019
Interim results to 31 March 2019.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 1461B Impax Asset Management Group plc 05 June 2019 \n\nImpax Asset Management Group plc \nInterim results to 31 March 2019\n \n \nLondon, 5 June 2019 - Impax Asset Management Group plc ('Impax' or the 'Company'), the specialist investor focused on a more sustainable global economy, today announces interim results for the six months to 31 March 2019 (the 'Period').\n \nIan Simm, Chief Executive commented:\n\"I am pleased to report that despite volatile market conditions Impax has delivered strong results, with assets under management expanding 6% to £13.3 billion by the end of the first half of our financial year on 31 March 2019, and further to £13.7 billion by 30 April 2019.\" \n\"Developed over two decades, Impax's specialist expertise as investors in the transition to a more sustainable economy is resonating with a range of asset owners around the world, and the Company remains well placed for further growth.\" \n \nH1 business highlights\n \n· Despite volatile markets AUM over the Period increased 6%\n· Positive net inflows for 14 consecutive quarters\n· Strong organic growth with £887 million of net inflows\n· Robust investment performance, particularly the 'Global Opportunities' strategy\n \nH1 financial highlights\n \n· Revenue £33.8 million (H1 2018 £25.7m)\n· Adjusted operating profit £7.7 million (H1 2018 £7.7m)\n· Profit before tax £9.3 million (H1 2018 £5.5m)\n· Adjusted diluted earnings per share 4.4 pence (H1 2018 4.8p)\n· Interim dividend 1.5 pence (H1 2018 1.1p)\n· Shareholder's equity £54.6 million (H1 2018 £46.9m)\n \n \nThe presentation for shareholders and analysts will be available to view on the Company's website later this morning: https://www.impaxam.com/investor-relations/reports-and-presentations \n \n \nLEI number: 213800AJDNW4S2B7E680\n \n \nEnquiries:\n \n\n\n\n\nKaren Wagg, Director of Communications\nImpax Asset Management Group plc\n \n\n\[email protected]\n+44 (0) 20 3912 3142\n\n\n\n\nIan S...