Jupiter declares 4.7p divi as profits jump to £42m

Jupiter Fund Management today revealed it would be paying shareholders a 4.7p dividend as profit rose sharply to £42m while assets under management and net inflows also climbed.

The group said in its full year results statement for 2010 that profit before tax had risen from £7.2m in 2009 to £42.4m last year. The group confirmed it would be paying a dividend of 4.7p to shareholders. The rise in profits comes off the back of soaring assets under management and inflows. Assets under management climbed to £24.1bn, up from £19.5bn, while net inflows also rose to £2.3bn, up £1.8bn. Edward Bonham Carter, Jupiter's chief executive, said the performance of the group's fund range - with 50% of all offerings being ranked first quartile over three years - had been ...