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Polar Capital more than doubles FY pretax profit
StockMarketWire.com
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Polar Capital more than doubled its FY pretax profit to £32.7m, from £15.3m. Its total dividend was 25p a share, including a second interim payment of 21p to be paid July 18.
Assets under Management at 31 March 2014 were up 83% to $13.2bn, from $7.2bn.
"After 15 quarters of net inflows, the first quarter of our current financial year has so far seen more challenging market conditions and resulted in net outflows of approximately $300m although currently our AUM is above the year end level," the company said.
Story provided by StockMarketWire.com
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