Plus   Neg

Hargreaves Lansdown FY Pretax Profit Rises, Revenue Up 7% - Quick Facts

Hargreaves Lansdown plc (HL.L) reported profit before tax of 305.8 million pounds for the year ended 30 June 2019 compared to 292.4 million pounds, prior year. Earnings per share increased to 52.0 pence from 49.6 pence. The Group said the increase was due to revenues increasing on the back of continued NNB-driven growth.

Fiscal year revenue were up 7% to 480.5 million pounds from 447.5 million pounds, prior year. The increase was driven by higher asset levels and improved margins on client cash.

The Board has declared a 2019 total ordinary dividend of 33.7 pence per share, 5% ahead of last year. The Board has declared a special dividend of 8.3 pence per share. The 2019 total dividend of 42.0 pence per share is up 5%. The final and special dividends will be paid on 18 October 2019 to all shareholders on the register at the close of business on 27 September 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT