Financial Results
Old Mutual Asset Management Logs AUM Increase For Q1 2017 - Financial Results
The firm has also reported an increase in its entire net income from Q1 2016.
Old Mutual’s
asset management arm has logged a 14.5 per cent increase in its
assets under management year-on-year for the first financial
quarter of 2017, which now stands at $249.7 billion.
The firm, which announced the results on its website yesterday,
also saw an entire net income increase of 21.6 per cent from Q1
2016; it now is $38.9 million.
Net-client cash flow for the quarter was $2.5 billion.
The asset management division also reported an increase in
quarterly dividend to $0.09 per share, up 12.5 per cent.
US GAAP earnings of $21.4 million for Q1 2017, was a 30.5%
decrease from the comparative quarter last year. Economic net
income EPS of $0.34 per share was an increase of 25.9 per cent
from the same period in 2016.