Business
Group Audited Results for year ended 31 March 2024
Group Audited Results for year ended 31 March 2024.
About this update from Polar Capital Holdings Plc
[{"type":"text","content":"\n\nGENERAL TEXT AMENDMENT\n \nThe following amendment(s) has (have) been made to the 'Group Audited Results for the year ended 31 March 2024' announcement released on 27 March 2024 at 07:00 under RNS No 0508U.\n \n· The payment date of the second interim dividend has been changed to 2 August 2024 (previously detailed as 26 July 2024).\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \nPOLAR CAPITAL HOLDINGS plc\nGroup Audited Results for the year ended 31 March 2024\n \n\"It is pleasing that Polar Capital's Assets under Management grew by 14%\nover the year, from £19.2bn to £21.9bn and given the positive outlook of the business, the total dividend per share was maintained at 46.0p.\"\n \n Gavin Rochussen, CEO\n \nHighlights\n• Assets under Management (AuM) at 31 March 2024 up 14% to £21.9bn (2023: £19.2bn)\n• Average AuM for the year remains flat at £19.6bn (2023: £19.6bn)\n• AuM has risen further to £22.8 bn at 14 June 2024 with net inflows of £197m in the period 1 April to 14 June 2024\n• Core operating profit† down 6% to £44.8m (2023: £47.9m)\n• Profit before tax up 21% to £54.7m (2023: £45.2m)\n• Basic earnings per share up 15% to 42.3p (2023: 36.8p) and adjusted diluted total earnings per share† down 1% to 44.0p (2023: 44.3p)\n• Second interim dividend of 32.0p per share (2023: 32.0p) bringing the total dividend for the year to 46.0p per share (2023: 46.0p). The dividend payment date is 2 August 2024, with an ex-dividend date of 4 July 2024 and a record date of 5 July 2024.\n \n† The non-GAAP alternativ...