Wednesday, Man Group Plc (EMG.L) said it expects pre-tax profit for the six months to September 30 to be around $280 million, sharply lower than last year's reported profit of $622 million.
Profit before tax and exceptional items is projected to be $270 million, down from $729 million a year ago.
Earnings per share for the first half is expected to be around 12.5 cents and underlying EPS, excluding performance fee income and exceptional items, is expected to be around 10.5 cents.
Sales for the period is estimated to be $5.7 billion, including $2.0 billion in the second quarter from across the distribution network
Funds under management as of September 30 is estimated at $43.8 billion, compared to $43.3 billion as of June 30, 2009.
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