Liontrust profits jump 326% as resurgence continues

Liontrust has reported a 326% increase in adjusted pre-tax profit for the six months to 30 September and reintroduced an interim dividend.

The group's adjusted pre-tax profit of £3.8m, compared with a 2012 figure of £900,000, was driven by a 66% jump in revenues and rising inflows. That helped the fund house turn the pre-tax loss of £4m sustained in the comparable period of 2012 into a non-adjusted profit of £1.7m this year. Liontrust will pay an interim dividend of 1p per share, equivalent to the full dividend payout seen last year. As previously announced, net inflows for the period rose from £189m in 2012 to £315m this year. "This positive momentum, while pleasing, only works if we continue to take strides forwa...