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SANNE provides administration, reporting and fiduciary services to leading alternative asset managers, financial institutions, family offices and corporates. We have over 1,000 clients, administer more than 5,000 structures and funds that have in excess of £160 billion of assets.
SANNE employs more than 1,000 people and has a presence in 15 established international financial centres spread across the Americas, EMEA and Asia-Pacific. Our global presence and the deep experience of our senior team enables us to work in partnership with our clients across key assets and jurisdictions, through one co-ordinated platform. Every client receives a tailored solution, specific to their needs.

SANNE is listed on the Main Market of the London Stock Exchange.

investors website

This morning:

SANNE REPORTS GOOD GROWTH

StockMarketWire.com

SANNE said its core business lines saw good growth in the first half of the year driven by strong momentum from new business opportunities delivered in the latter part of 2016.

In the first six months of the year, the group continued this momentum, securing new business from both new and existing clients totaling approximately £10 million on a projected annualised fee basis.

Following the completion of the acquisition of IFS (Mauritius) at the start of the year, the business is integrating well into the Group and performing in line with expectations.

Likewise our US acquisition, completed in November 2016, continues to perform well, operating in a market with very favourable outsourcing and growth trends.

The pipeline of new business wins and performance of acquisitions gives the Board confidence that it will deliver results for the year in line with its expectations.

CEO Dean Godwin said: "We are pleased with the performance of the group in the first half and the continued new business wins gives us confidence in future growth."



Story provided by StockMarketWire.com

Results for the half year are published this morning:

6m to 30 June 2017 compared with 6m to June 30 2016

Revenue +104%
Underlying operating profit (1) +109%
Operating profit +59%
Underlying profit before tax (1) +105%
Profit before tax +54%
Underlying operating profit margin (1) +0.9%
Underlying diluted earnings per share (1) +60%
Underlying operating cash conversion (1) -18.4%
Interim dividend per share +31%


Highlights
- Group revenue for 2017 H1 increased by 104% to £56.3m (2016 H1: £27.6m) of which 15.3% was organic growth.
- Continued strong performance within each of the Group's business segments.
- New business with annualised fees of approximately £10m won in the first six months with a healthy pipeline continuing into the second half.
- Integration of prior year acquisitions progressing well with continued focus into the second half.
- Acquisition of IFS in Mauritius completed, broadening geographic footprint and significantly increasing scale and expertise.
- Continued strengthening of senior management team to deliver strategic capacity.
- Successful implementation of the new global operating structure.
- Development and expansion of the Group's fund technology capability continues to be a key focus.
- Larger office space secured in Hong Kong, Shanghai and Singapore to support growth in Asia-Pacific.
- Due to a change in the Group's expected effective tax rate, the Board now expects to deliver underlying EPS for the full year marginally ahead of its previous expectations.

"..The Acquisition is expected to be immediately earnings enhancing.."
(re this morning's acquisition news)

EDIT: I no longer hold these.