Business
Audited Final Results - year ended 31 March 2022
Audited Final Results - year ended 31 March 2022.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n \n \n \n 15 June 2022\n \n \n \n \n \n \n \n \n \n Tatton Asset Management PLC\n \n \n \n \n (\"TAM plc\", the \"Group\" or the \"Company\")\n \n \n \n \n AIM: TAM\n \n \n \n \n \n \n \n \n \n AUDITED FINAL RESULTS\n \n \n \n \n For the year ended 31 March 2022\n \n \n \n \n \n \n \n \n TAM plc, the investment management and IFA support services group, today announces its audited final results for the year ended 31 March 2022 (\"FY22\"),\n which show strong organic growth in line with expectations\n .\n \n \n \n \n \n \n FINANCIAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n \n \n \n ●\n \n \n \n \n Group revenue increased 25.7% to £29.356m (2021: £23.353m)\n \n \n \n \n \n \n ●\n \n \n \n \n Adjusted operating profit1 up 27.4% to £14.526m (2021: £11.402m)\n \n \n \n \n \n \n ●\n \n \n \n \n Adjusted operating profit1 margin 49.5% (2021: 48.8%)\n \n \n \n \n \n \n ●\n \n \n \n \n Adjusted fully diluted EPS2 increased 26.3% to 18.62p (2021: 14.74p)\n \n \n \n \n \n \n ●\n \n \n \n \n Final dividend up 13.3% to 8.5p (2021: 7.5p), full year dividend of 12.5p (2021: 11.0p)\n \n \n \n \n \n \n ●\n \n \n \n \n Strong financial liquidity position, with net cash of £21.710m (2021: £16.934m)\n \n \n \n \n \n \n ●\n \n \n \n \n Strong balance sheet - Net assets increased 27.3% to £31.044m (2021: £24.446m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n \n \n \n Operating profit before exceptional items, share-based payment charges and amortisation of acquired intangibles\n \n \n \n \n \n \n 2\n \n \n \n \n Adjusted fully diluted earnings per share is calculated by dividing the adjusted operating profit less cash interest and less tax on operating activities by the weighted average number of ordinary shares in issue during the year plus potentially dilutive ordinary shares.\n \n \n \n \n \n \n \n \n \n \n OPERATIONAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n \n ●\n \n \n \n \n Assets Under Management (\"AUM\") increased £2.35bn or 26.2% to £11.341bn (2021: £8.990bn). Current AUM at June 2022 c.£11.183bn\n \n \n \n \n \n \n ●\n \n \n \n \n Organic net inflows were £1.277bn (2021: £0.755bn), an increase of 14.2% of opening AUM with an average run rate of £106m per month\n \n \n \n \n \n \n ●\n \n \n \n \n Acquisition of £650m Verbatim funds in September 2021 and a five-year strategic distribution p...