In line with the Record PLC Board's capital and dividend policy, the Group will pay an interim dividend of 1.80 pence per share in respect of the six-month period, equating to a distribution of £3.4 million, following which the business will retain cash and money market instruments on the balance sheet which are significantly in excess of financial resource requirements required for regulatory purposes.
Other financial highlights include:
Revenue growth of 38% to £16.3m (H1-21: £11.8m)
Growth in AUME of 5% in USD terms to $84.1bn (31 March 2021: $80.1bn) and 7% in GBP terms to £62.4bn (31 March 2021: £58.1bn)
Client numbers remained at 89 (31 March 2021: 89)
Management fee growth of 44% to £16.1m (H1-21: £11.2m)
Increased operating margin of 32% (H1-21: 22%)
Profit before tax doubled to £5.2m (H1-21: £2.6m)
Basic EPS of 2.08 pence (H1-21: 1.10 pence)
Strong financial position with shareholders' equity of £25.2m (H1-21: £25.7m)
