Aberdeen Assest Management Results

[idpickering]

Highlights

"· Revenue increased to £534.9 million (+10.6%)

· Underlying profit before tax increased to £195.2 million (+19.8%)

· Underlying earnings per share 11.5p (+19.9%)

· Interim dividend per share unchanged at 7.5p

· Operating margin 35.3% (2016: 32.2%)

· Improving trend in net new business flows - Q1: -£10.5bn, Q2: -£2.9bn

· Actions now completed to deliver £70 million of annualised cost synergies "

And later;

"Dividend

The Board has decided to pay an interim dividend of 7.5p per share, unchanged from the interim dividend announced last year, and this will be paid on 15 June 2017 to qualifying shareholders on the register at 12 May 2017."

http://www.investegate.co.uk/aberdeen-a ... 00167972D/

[blobby]

Very good results. Aberdeen has been a bargain for a long time and if these results are repeated, not only will the dividend cover recover strongly, the yield will reduce significantly.

The only issue is the merger with Standard Life which may hold things put a dampener on things.

Results available as a PDF here if readers prefer.

http://otp.investis.com/clients/uk/aber ... sid=868056

[Wizard]

I wonder if these good results will have an impact on the prospects for the deal with SL. Personally I hope so.

Terry.

[richfool]

Both companies' shares up today (currently 3.0% and 4.0%).