Highlights
• Assets under Management ('AUM') at 31 March 2015 US$12.3bn (2014: US$13.2bn)
• Core operating profit excluding performance fees up 13% to £27.7m (2014: £24.6m)
• Profit before share-based payments £33.7m (2014: £34.2m)
• Pre-tax profit £31.1m (2014: £32.7m)
• Basic earnings per share 27.46p (2014: 30.78p) and adjusted* diluted earnings per share 28.12p (2014: 29.04p)
• Dividends for the year 25.0p per share (2014: 25.0p) including a second interim dividend of 19.5p per ordinary share to be paid on 17 July 2015 to shareholders on the register on 3 July 2015
• Shareholders' funds £75.2m (2014: £74.2m) including a strong cash position
• Addition of two new managers over the period resulting in the launch of the Polar Capital UK Absolute Equity UCITS fund in September 2014 and a long only UCITS Pan European Income fund in October 2014
• Current AUM as at 29 May 2015 of US$ 12.6bn
Tim Woolley, Chief Executive Officer, commented:
"This was our first financial year since the banking crisis in which we did not grow our AuM, which fell to $12.3bn from $13.2bn at the start of the year. We experienced inflows into a wide range of funds but we saw significant redemptions from our main Japan fund having had remarkable and unprecedented inflows in the previous year. We are though far from downbeat as the Company enters the new fiscal year and the opportunity ahead of us remains exciting and significant."
