Woodford's reports £33.7m profit despite assets fall

Amid a tough period for fund performance

Jayna Rana
Neil Woodford, founder of Woodford IM

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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