Aberdeen Group PLC (ABDN.L) Wednesday reported profit before tax of 271 million pounds for the first half, higher than 187 million pounds in the same period a year ago, mainly driven by increase in value of the company's Phoenix stake and reduced restructuring expenses.
Excluding one-time items, adjusted profit before tax increased to 181 million pounds from 170 million pounds last year.
Adjusted operating profit, however, decreased to 125 million pounds from 128 million pounds in the prior year.
Net profit rose to 252 million pounds or 13.5p per share from 171 million pounds or 9.1p per share last year.
Adjusted EPS increased 10% to 7.5p from 6.8p.
Adjusted net operating revenue declined 6% to 628 million pounds from 667 million pounds.
Assets under management and administration or AUMA grew 1% to 517.6 billion pounds from 511.4 billion pounds
For the full year, the company continues to expect operating profit to be more than 300 million pounds.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.