| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Impax Asset Management reports rise in annual AuM; hikes dividend
StockMarketWire.com
|
Sustainable asset management company Impax Asset Management hiked its final dividend after reporting a rise in assets under management on increased net inflows.
For the year ending 30 September 2020, assets under management increased 34% to £20.2 billion on net inflows of £3.5 billion, up from £1.4 billion.
Pre-tax profit fell to $16.7 million from £18.9 million year-on-year, while revenue increased 19% to £87.5 million.
The company proposed a final dividend of 6.8 pence per share, up from 4.0 pence last year, taking the total for the year to 8.6 pence per up 56%.
'This year the effects of COVID-19 have amplified many of the issues associated with investing in the transition to a more sustainable economy, but recent events have also reinforced our investment case,' the company said.
At 9:43am: (LON:IPX) Impax Asset Management Group PLC share price was 0p at 590p
Story provided by StockMarketWire.com
|
|
|
|
|
|
