Business
Results for the year ended 31 December 2018
Results for the year ended 31 December 2018.
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n \nRNS Number : 5172R Jupiter Fund Management PLC 01 March 2019 \n\n \n\n\n\n\nResults for the year ended 31 December 2018\n\n\n\n\n \n \n1 March 2019\n \n· Strong investment performance, with 77% of mutual fund AUM above median over three years\n· Fall of £7.5bn in AUM, including net outflows of £4.6bn \n· Net management fees1 increased marginally to £395.7m\n· Underlying earnings per share1 decreased by 2.5p to 31.7p\n· Basic earnings per share decreased to 31.8p\n· Profit before tax decreased by £13.7m to £179.2m\n· 90% of underlying earnings returned to shareholders, giving total dividends per share of 28.5p \n \n\n\n\n\n \n\n\n \n\n\n \n\n\nYear ended \n31 December 2018\n\n\nYear ended \n31 December 2017\n\n\n% change \n\n\n \n\n\n\n\n \n\n\nAssets under management (AUM) (£bn) \n\n\n \n\n\n42.7\n\n\n50.2\n\n\n-15%\n\n\n \n\n\n\n\n \n\n\nNet (outflows)/inflows (£bn)\n\n\n \n\n\n(4.6)\n\n\n5.5\n\n\n \n\n\n \n\n\n\n\n \n\n\nNet management fees1 (£m)\n\n\n \n\n\n395.7\n\n\n392.4\n\n\n+1%\n\n\n \n\n\n\n\n \n\n\nProfit before tax (£m)\n\n\n \n\n\n179.2\n\n\n192.9\n\n\n-7%\n\n\n \n\n\n\n\n \n\n\nUnderlying earnings per share1 (p)\n\n\n \n\n\n31.7\n\n\n34.2\n\n\n-7%\n\n\n \n\n\n\n\n \n\n\nTotal dividends per share (p)\n\n\n \n\n\n28.5\n\n\n32.6\n\n\n-13%\n\n\n \n\n\n\n\n \n\n\nAdjusted cost/income ratio1\n\n\n \n\n\n55%\n\n\n54%\n\n\n+1%\n\n\n \n\n\n\n\n \n1 The Group's use of alternative performance measures is explained on page 8.\n \n \nMaarten Slendebroek, Chief Executive, commented:\n \n\"With market volatility continuing during the year, it was encouraging to see that our strategy of diversification underpinned solid business performance for the period. Most pleasing is that we delivered strong fund performance for our clients during the year with 77% of our mutual fund assets under management outperforming the median over three years. As reported throughout...