Highlights
- 44% increase in underlying profit before tax to 301.9 million (2010: 210.0 million)
- Underlying earnings per share 41% higher at 18.7p (2010: 13.3p)
- Operating margin 39.5% (2010: 34.8%)
- Core operating cashflow 399.3 million (+57%)
- 98 million used to buy shares to negate dilution from share-based remuneration
- Final dividend of 5.2p per share, making 9.0p for the full year (2010: 7.0p)
- Increased balance sheet strength - net cash 127.5 million (2010: net debt 7.7 million)
Martin Gilbert, Chief Executive of Aberdeen Asset Management commented:
"This is an excellent set of figures, particularly at a time when volatility and uncertainty continue to depress financial markets around the world. As stated previously, we remain committed to growing the business organically and focusing on operational excellence. This approach has seen us strengthen our balance sheet considerably, and position the business to perform in these demanding economic conditions. Our investment teams continue to perform well on behalf of our clients and demand for our core products remains strong.
"I am confident that Aberdeen's long term investment philosophy and relationship teams will continue to meet the needs of our clients. At the same time our broad spread of asset classes, products and geographies and our robust processes will enable the business to continue to grow assets, revenues and profitability.
