Investment manager M&G plc (MNG.L) Thursday reported profit before tax of 421 million pounds for the full year compared with loss of 2.64 billion pounds in the previous year.
This reflects a reduction in losses from short-term fluctuations in investment returns to 171 million pounds loss, from 2.858 billion loss a year ago.
Adjusted operating profit profit before tax increased to 797 million pounds, from 625 million pounds a year ago.
Profit after tax was 309 million pounds compared with loss of 2.055 million pounds last year.
Assets under management and administration grew to 343.5 billion pounds from 342 billion pounds a year ago.
The second interim dividend of 13.2 pence per share is payable on 9 May 2024.
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