Business
Half Yearly Report
Half Yearly Report.
About this update from St. James's Place Plc
[{"type":"text","content":"\n \nRNS Number : 3102F St. James's Place PLC 27 July 2016 \n\n-1-\n \nST. JAMES'S PLACE PLC\n27 St. James's Place, London SW1A 1NR\nTelephone 020 7493 8111 Facsimile 020 7493 2382\n \n27 July 2016\n \nINTERIM STATEMENT\nFOR THE SIX MONTHS TO 30 JUNE 2016\n \nFUNDS UNDER MANAGEMENT AT £65.6 BILLION\nFOLLOWING RECORD FUND FLOWS\n \n \n \nNew Investment and Funds under Management\n \n• Gross inflow of funds under management of £5.3 billion (2015: £4.4 billion)\n• Continued strong retention of client funds\n• Net inflow of funds under management of £3.1 billion (2015: £2.7 billion)\n• Group funds under management of £65.6 billion (2015: £55.5 billion)\n \nSt. James's Place Partnership\n \n• Partnership numbers at 2,320 up 2.5% since the start of the year\n• Total number of advisers at 3,259 up 4.7% since start of the year\n \nProfit\n \n- EEV basis:\n• New business profits of £228.9 million (2015: £205.9 million)\n• Operating profit at £284.0 million (2015: £265.3 million)\n• Net asset value per share 791.9 pence (2015: 683.7 pence)\n \n- IFRS basis:\n• Underlying profit before shareholder tax of £73.8 million (2015: £72.9 million)\n• Profit before shareholder tax of £60.5 million (2015: £67.0 million)\n• Net asset value per share 201.2 pence (2015: 189.3 pence) \n \n- Cash result:\n• Underlying post tax cash result of £94.4 million (2015: £84.9 million)\n \nInterim Dividend\n \n• Interim dividend 12.33 pence per share (2015: 10.72 pence per share)\n \n-2-\n \nDavid Bellamy, Chief Executive, commented:\n \n\"Despite continued volatility in world stock markets and political uncertainty across Europe, I am pleased to once again be reporting a strong first half performance and continued positive momentum in our business. Bearing testament to the reassuring consistency and resilience of our business, I am particularly pleased that we achieved record gross and net inflows in the second quar...