Ninety One, the asset manager that started out as a unit of Investec three years before SA became a democracy, has reported record earnings and assets under management after almost 31 years in business.
The London- and Johannesburg-listed firm, which reports its results in pounds, said on Wednesday morning that profit before tax increased 31% to £267.1m for the year to end-March 31 2022 while AUM increased 10% to £143.9bn. Basic earnings per share increased 34% to 22.6p and adjusted earnings per share increased 13% to 19.2p, allowing the company to propose a final dividend of 7.7p a share, which takes the full-year dividend to 14.6p per share...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: