(menafn – ecpulse)
The British Aberdeen Asset Management posted an increase in the pre-tax profit in the first half as investors' appetite for risk increased, boosting assets under management and in result more fee margins.
The firm said today in a statement that pre-tax income inclined to 162.2 million sterling pound in the six months ended March, up from the previous of 142.8 million recorded in the same month a year earlier. The increase in free margins push profits to the upside, where the margins added 3.4 basis points to 43.9 points.
The group manages assets that worth around 184.7 billion sterling pound, up from the previous figure by 9%.