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Man Group H1 Profit, AuM Climb; Stock Up

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Investment management firm Man Group Plc (MNGPF.PK,EMG.L) reported Friday that its first-half profit after tax climbed to $164 million from last year's $83 million.

Earnings per share were 13.8 US cents, compared to 6.8 US cents last year.

Core profit before tax was $257 million, compared to $137 million last year. Core earnings per share were 17.1 US cents, compared to 8.9 US cents a year ago.

Revenue for the period grew to $733 million from last year's $506 million. Core net revenue was $761 million, compared to $513 million a year ago.

Assets under management or AUM was $178.2 billion as of June 30, higher than prior year's $151.7 billion.

Further, the Board has declared an interim dividend of 5.6 cents per share, same as last year. The record date is August 9 and payment date is September 20.

In London, Man Group shares were trading at 258.40 pence, up 3.03 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

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