News
WEALTH MANAGEMENT | Staff Reporter, Singapore
view(s)

Aberdeen reduced bank borrowings by £150 million

Aberdeen Asset Management PLC reported underlying profit before tax of £92.6 million for six months to 31 March 2010.

Highlights of the company's report includes:
- Underlying earnings per share 6.05p (+149%)
- Operating margin 33.5% (2009: 19.8%)
- Net gearing reduced to 8.3% (30 September 2009: 17.2%)
- New business wins of £25.1 billion funded in the period, with £2.0 billion awarded but yet to fund

Bank borrowings, from £178.3 million as of 30 September 2009, were reduced via strong operating cashflow and proceeds of convertible bond issue.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.