Liontrust profits up 16% despite slower inflows

Returned to net inflows in Q3

Liontrust Asset Management saw adjusted profits before tax rise 16% for the six months to the end of September, despite lower inflows compared to last year.

The group reported adjusted profits before tax of £5.9m in its half yearly report, compared to £5.1m last year, while revenues were up 18% compared to the same period in 2014. Liontrust returns to net inflows despite volatile summer As a result, the group is increasing its interim dividend payment to 3.0p per share in December, an increase of 50%. However, the group has had a choppy first half to the financial year in terms of flows, reporting net outflows of £7m in the second quarter, before returning to net inflows in Q3. Overall net inflows for the six-month period, were £110m...