Business
Half Year Results
Half Year Results.
About this update from Premier Miton Group Plc
[{"type":"text","content":"\n\n \nPREMIER MITON GROUP PLC\nHALF YEAR RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2023\n \nPremier Miton Group plc ('Premier Miton', 'Company' or 'Group'), the AIM quoted fund management group, today announces its half year results for the six months ended 31 March 2023 (the 'Period').\n \nHighlights \n \n· £11.0 billion closing Assets under Management 2 ('AuM') (2022 HY: £12.8 billion)\n· Net outflows of £32 million in the Period (2022 HY: £401 million outflows)\n· Continued inflows into fixed income strategies of £399 million in the Period (2022 HY: £138 million inflows)\n· 76% of funds above median investment performance since launch or tenure 3 (2022 HY: 80%)\n· Adjusted profit before tax 1,2 of £7.9 million (2022 HY: £14.6 million)\n· Profit before tax of £2.4 million (2022 HY: £9.9 million)\n· Proposed interim dividend of 3.0 pence per share (2022 interim: 3.7 pence per share)\n· Successful launch of Premier Miton Emerging Markets Sustainable Fund on 21 April 2023\n· Continued focus on distribution capabilities to service our existing and new client base, and positioning for inflows when market and sentiment conditions turn positive again, by showcasing the depth and breadth of our investment talent across asset classes\n· £11.0 billion closing AuM at 30 April 2023\n \nNotes\n(1) Adjusted profit before tax is calculated before the deduction of taxation, amortisation, share-based payments, merger related costs and exceptional items.\n(2) These are Alternative Performance Measures ('APMs').\n(3) At 31 March 2023. Based on Investment Association sector classifications where applicable, with data sourced from FE Analytics FinXL using the main representative post-RDR share class, based on a total return, UK Sterling basis. All data is as at 31 March 2023 and the performance period relates to when the fund launched or the assumed tenure of the fund manager(s). Performance for investment trusts is calculated on Net Asset Value ('NAV'), ranked against the relevant Morningstar category for each investment trust.\n \n \n \nMike O'Shea, Chief Executive Officer of Premier Miton Group, co...