Ashmore hails 'satisfactory' performance

11th Sep 2012 07:05

Full year profit before tax at fund manager Ashmore took a small dip from the year before but came in ahead of market expectations.Profit before tax of £243.2m for the year to the end of June was down 1% from the previous year's £245.9m, but ahead of the £229.40m the market had been expecting.Total net revenue was more or less in line with market forecasts at £333.3m; the market had been expecting an unchanged revenue figure of £333.8m.Final assets under management of $63.7bn at 30th June 2012, represented a decrease of $2.1 bn (3%) from $65.8bn a year earlier.More to follow ... JH