Business
Half Year Results
Half Year Results.
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n \nRNS Number : 3188F Jupiter Fund Management PLC 27 July 2016 \n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n\n\n\n\nJupiter Fund Management plc \nInterim Report and Accounts\n \n\n\n\n\nHighlights\n\n\n\n\n \n \n27 July 2016\n \n· Continued organic flow growth from our core mutual fund franchise, with net mutual fund inflows of £0.4bn\n· Assets under management increased to £37.0bn \n· Maintained adjusted EBITDA margins at 50 per cent. while investing for growth\n· Profit before tax increased by 3 per cent. to £86.6m\n· Underlying earnings per share decreased by 3 per cent. to 14.4p\n· Interim dividend increased by 12.5 per cent. to 4.5p.\n \n\n\n\n\n \n\n\n \n\n\n \n\n\nSix months ended\n30 June 2016\n(unaudited)\n\n\nSix months ended\n30 June 2015\n(unaudited)\n\n\n \nYear ended\n31 December 2015\n\n\n \n\n\n\n\n \n\n\nAssets under management (£bn)\n\n\n \n\n\n37.0\n\n\n34.3\n\n\n35.7\n\n\n \n\n\n\n\n \n\n\nNet inflows (£bn) \n\n\n \n\n\n0.6\n\n\n1.4\n\n\n2.1\n\n\n \n\n\n\n\n \n\n\nAdjusted EBITDA1 (£m)\n\n\n \n\n\n84.7\n\n\n86.8\n\n\n168.1\n\n\n \n\n\n\n\n \n\n\nAdjusted EBITDA margin1 (per cent.)\n\n\n \n\n\n50\n\n\n51\n\n\n51\n\n\n \n\n\n\n\n \n\n\nProfit before tax (£m)\n\n\n \n\n\n86.6\n\n\n84.0\n\n\n164.6\n\n\n \n\n\n\n\n \n\n\nUnderlying earnings per share1 (p)\n\n\n \n\n\n14.4\n\n\n14.9\n\n\n29.2\n\n\n \n\n\n\n\n \n\n\nInterim dividend per share (p)\n\n\n \n\n\n4.5\n\n\n4.0\n\n\n4.0\n\n\n \n\n\n\n\n \n\n\nTotal dividend per share (p)\n\n\n \n\n\n-\n\n\n-\n\n\n25.5\n\n\n \n\n\n\n\n \n1 The Group's use of alternative performance measures is explained on page 7.\n \n \nMaarten Slendebroek, Chief Executive, commented:\n \n\"Jupiter has continued to deliver strong investment outperformance after all fees in the first half of the year. Net flows were positive despite the market backdrop and we made further targeted investments to support our strategy of diversification by product, client type and geography which continues to deliver on be...