Liontrust triples interim divi as profits jump 45%

Liontrust has reported a 45% rise in pre-tax profits for the year to 31 March after taking in £667m in net inflows over the period.

The fund house said adjusted pre-tax profits rose form £8.4m to £12.1m year on year, and will increase its payout to shareholders as a result. The company is to pay a second interim dividend of 6p per share, up from 2p in 2014, to bring its total 2014 dividend to 8p (up from 3p a year previous). As previously reported, Liontrust’s assets under management as at 31 March stood at £4.5bn, up £900m year-on-year and helped by £667m in net inflows. AUM growth has remained flat since that point, however, standing at £4.5bn as of 16 June, the group added. Chief executive John Ions said ...