Business
Half-year Results
Half-year Results.
About this update from Premier Miton Group Plc
[{"type":"text","content":"\n \nRNS Number : 9170Z Premier Asset Management Group PLC 23 May 2019 \n\n23 May 2019\nPremier Asset Management Group PLC\n(\"Premier\" or the \"Company\")\nUnaudited Interim Results for the six months ended 31 March 2019\n \nHighlights\n \nAssets under management\n· Total assets under management (AUM) were £6.8 billion as at 31 March 2019 (31 March 2018: £6.4 billion)\n· Assets under management as at close of business on 30 April 2019 were £7.0 billion\n \nInflows\n· Total net inflows of £67m in the six months to 31 March 2019 (6 months to 31 March 2018: £411m)\n· Twenty fourth successive quarter of positive net inflows\n· Total net inflows of £390m for the rolling twelve months to 31 March 2019 (rolling twelve months to 31 March 2018: £847m)\n \nInvestment performance\n· Continued strong investment performance net of fund charges1:\no Over five years to 31 March 2019: 84% of AUM were above median\no Over three years to 31 March 2019: 72% of AUM were above median\n \nFinancials\n· Adjusted EBITDA2 of £9.38m (H1 FY18: £9.15m)\n· Adjusted profit before tax3 of £9.26m (H1 FY18: £9.03m) \n· Profit before tax of £7.22m (H1 FY18: £7.91m)\n· Earnings per share of 5.30p (H1 FY18: 5.91p)\n· Quarterly dividend per share of 1.70p vs 1.65p for the same period last year\n \n1 Performance figures represent 81% of Premier's total AUM as at 31 March 2019 and exclude absolute return funds, property securities fund, investment trusts and segregated mandates. Figures are shown relative to respective Investment Association sectors. Source: FE Analytics, data to 31 March 2019. Net income reinvested. Data shown net of all fund charges. Premier Diversified Growth Fund: class D income share class. Premier UK Money Market Fund: class B income units. Other funds: Class C income or accumulation shares.\n2 Adjusted EBITDA\nDefinition: Earnings before interest, taxation, depreciation, amortisation of intangible assets, exceptional items and share based pay...