Business
Final Results
Final Results.
About this update from Liontrust Asset Management Plc
[{"type":"text","content":"\n\nLEI: 549300XVXU6S7PLCL855\nFor immediate release\n26 June 2024 \n \nLIONTRUST ASSET MANAGEMENT PLC\nFULL YEAR RESULTS FOR THE YEAR ENDED 31 MARCH 2024\n \nLiontrust Asset Management Plc (\"Liontrust\", the \"Company\", or the \"Group\"), the specialist fund management group, today announces its audited results for the financial year ended 31 March 2024.\n \n· Gross Profit of £186.1 million (2023: £229.8 million), includes £10.4 million of performance fee revenues (2023: £18.5 million), with a Revenue margin1 of 0.62% (2023: 0.62%).\n \n· Adjusted profit before tax1 of £67.4 million (2023: £87.1 million), a decrease of 23%.\n \n· Adjusted operating margin1 of 35.5% (2023: 37.7%).\n \n· Adjusted diluted earnings per share1 of 79.2 pence per share (2023: 109.8 pence per share), a decrease of 28%.\n \n· Statutory Loss before tax of £0.6 million (2023: Statutory Profit before tax of £49.3 million). See note 6 below for further detail and a reconciliation to Adjusted profit before tax1.\n \n· Full year dividend maintained at 72p.\n \n· On 31 March 2024, assets under management and advice (\"AuMA\") were £27.8 billion (2023: £31.4 billion), a decrease of 11.5%.\n \n· AuMA as at 20 June 2024 were £27.25 billion.\n \n1 This is an Alternative Performance Measure. See note 2 below.\n \nCommenting, John Ions, Chief Executive Officer, said:\n \n\"Liontrust has delivered an Adjusted profit before tax1 of £67.4 million and a strong Adjusted operating margin1 of 35.5% in spite of the...