Preliminary Results to 31 December 2006 (unaudited)
Click here to view the full press release in PDF format. 
Released: 02/03/2007
Profit before tax up 16 per cent. Underlying† profit up 26 per cent.
- Profit before tax £290.0 million (2005: £250.7 million, £230.3 million underlying†)
- Asset Management profit before tax £219.0 million (2005: £193.9 million, £173.8 million underlying†)
- Private Banking profit before tax £26.9 million (2005: £6.3 million, £6.0 million underlying†)
- Private Equity profit before tax £34.6 million (2005: £40.3 million)
- Funds under management £128.5 billion (31 December 2005: £122.5 billion)
- Final dividend of 17.5 pence per share (final dividend 2005: 14.5 pence per share)
| Year ended 31 December 2006 £mn |
Year ended 31 December 2005 £mn |
|
| Asset Management profit | 219.0 | 193.9 |
| Private Banking profit | 26.9 | 6.3 |
| Private Equity profit | 34.6 | 40.3 |
| Group profit | 9.5 | 10.2 |
| Profit before tax | 290.0 | 250.7 |
| Funds under management (£bn) | 128.5 | 122.5 |
| Total dividend (pence) | 25.0 | 21.5 |
† In this announcement the term ‘underlying’ denotes that the relevant 2005 comparative has been adjusted to remove the impact of the one-off gain recorded in 2005 on the discontinuation of a project to outsource the UK custody and portfolio accounting services. The effect of this adjustment is to reduce profit before tax in 2005 by £20.4 million (split between £20.1 million in the Asset Management segment and £0.3 million in Private Banking).
Contacts:
| Schroders | ||
| Michael Dobson | Chief Executive | +44 (0) 20 7658 6962 |
| Jonathan Asquith | Chief Financial Officer | +44 (0) 20 7658 6565 |
| Henrietta Jowitt | Head of Marketing and Communications | +44 (0) 20 7658 6166 |
| The Maitland Consultancy | ||
| William Clutterbuck | +44 (0) 20 7379 5151 | |
You will need Adobe Reader to view PDF files. This is free software. Either click on the Adobe icon, or ask your system administrator to install Adobe Reader, available from www.adobe.com.