Business
Final Results for the year ended 31 March 2021
Final Results for the year ended 31 March 2021.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8616B\n Tatton Asset Management PLC\n 15 June 2021\n \n \n \n \n 15 June 2021\n \n \n Tatton Asset Management PLC\n \n \n (\"TAM plc\", the \"Group\" or the \"Company\")\n \n \n AIM: TAM\n \n \n \n \n \n AUDITED FINAL RESULTS\n \n \n For the year ended 31 March 2021\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 2021.\n \n \n \n \n \n FINANCIAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n ●\n \n \n \n \n Group revenue increased 9.3% to £23.4m (Mar 2020: £21.4m)\n \n \n \n \n \n \n ●\n \n \n \n \n Adjusted operating profit1 up 25.6% to £11.4m (Mar 2020: £9.1m)\n \n \n \n \n \n \n ●\n \n \n \n \n Adjusted operating profit1 margin 48.8% (Mar 2020: 42.5%)\n \n \n \n \n \n \n ●\n \n \n \n \n Adjusted fully diluted EPS2 increased 22.8% to 14.74p (Mar 2020: 12.00p)\n \n \n \n \n \n \n ●\n \n \n \n \n Profit before tax £7.3m (2020: £10.3m)\n \n \n \n \n \n \n ●\n \n \n \n \n Final dividend up 17.2% to 7.5p (Mar 2020: 6.4p), full year dividend of 11.0p (Mar 2020: 9.6p)\n \n \n \n \n \n \n ●\n \n \n \n \n Strong financial liquidity position, with net cash of £16.9m\n \n \n \n \n \n \n ●\n \n \n \n \n New banking facility, giving access to up to £30 million of funds\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 OPERATIONAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n ●\n \n \n \n \n Assets Under Management (AUM) increased 35.2% to £9.0 billion (31 Mar 2020: £6.7 billion), an increase of £2.3 billion for the 12 month period. Current AUM at 15 June 2021 c.£9.5bn\n \n \n \n \n \n \n ●\n \n \n \n \n Organic net inflows were £755 million, an increase of 11.4% of AUM with H2 £427m, 30% increase on H1. Current average run rate of £100m per month, back to pre-COVID levels\n \n \n \n \n \n \n ●\n \n \n \n \n Tatton increased the number of IFA...