Quilter Swung to 1st Half Pretax Profit, Assets Under Management Rose
11 August 2021 - 5:09PM
Dow Jones News
By Sabela Ojea
Quilter PLC reported on Wednesday a swing to a pretax profit for
the first half of 2021 and said assets under management
increased.
The FTSE 250 asset manager posted a pretax profit of 27 million
pounds ($37.4 million) compared with a loss of GBP25 million for
the same period a year earlier.
Total income reached GBP2.84 billion compared with a loss of
GBP667 million for the year-earlier period.
Total assets under management increased to GBP126.6 billion from
GBP117.8 billion at the end of last year.
The board declared an interim dividend of 1.7 pence a share, up
from 1.0 pence for the first half of 2020.
"Quilter remains well positioned in an industry with long-term
secular growth prospects," the company said, adding that it is on
track to meet its targets.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
August 11, 2021 02:58 ET (06:58 GMT)
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