Interim Results to 30 June 2008 (unaudited)
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Released: 08/08/2008
Asset Management and Private Banking profit before tax up 14 per cent.
- Asset Management and Private Banking profit before tax £159.0 million (H1 2007: £139.1 million)
- Private Equity profit before tax £7.4 million (H1 2007: £36.2 million)
- Total Group profit before tax £135.7 million (H1 2007: £185.6 million)
- Increased interim dividend of 10.0 pence per share (interim dividend 2007: 9.0 pence per share)
- Funds under management £130.2 billion (31 December 2007: £139.1 billion)
| Six months ended 30 June 2008 £mn | Six months ended 30 June 2007 £mn |
Year ended 31 December 2007 £mn | |
| Asset Management profit | 136.7 | 123.2 | 266.5 |
| Private Banking profit | 22.3 | 15.9 | 41.3 |
| Private Equity profit | 7.4 | 36.2 | 58.5 |
| Group (loss)/profit | (30.7) | 10.3 | 26.2 |
| Profit before tax | 135.7 | 185.6 | 392.5 |
| Funds under management (£bn) | 130.2 | 137.6 | 139.1 |
Contacts:
| Schroders | |||
| Emma Tovey | Head of Corporate Communications | +44 (0) 207 658 2329 | emma.tovey@schroders.com |
| Maitland | |||
| William Clutterbuck | The Maitland Consultancy | +44 (0) 207 379 5151 | wclutterbuck@maitland.co.uk |
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