Woodford's reports £33.7m profit despite assets fall

Amid a tough period for fund performance

Jayna Rana
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Neil Woodford, founder of Woodford IM
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Neil Woodford, founder of Woodford IM

Woodford Investment Management has announced total profits for the year to the end of March 2018 of £33.7m, according to the latest accounts posted on Companies House.

The group reported gross profits for the year to 31 March 2018 were £76.4m, while operating profit was £41.7m over the period. This meant a total profit, after tax, for the year stood at £33.7m, while...

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