Coronation Fund Managers LimitedJSE: CML

CML: AUM up 11%, SARS tax win boosts profits, and black ownership rises to 52%

· Issued by Coronation Fund Managers Limited

AUM grew 11% to R667bn, revenue rose 7%, and FMEPS (ex-SARS) increased 9% to 402.9c. The SARS tax dispute was resolved in the company's favor, enabling a special dividend, while a landmark B-BBEE deal raised black ownership to 52%.

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