November 27, 2019 / 7:10 AM / 15 days ago

BRIEF-Brewin Dolphin FY funds up 5.1% to 45 bln stg

Nov 27 (Reuters) - Brewin Dolphin Holdings PLC:

* SAYS TOTAL FUNDS WERE £45.0BN, AN INCREASE OF 5.1% (2018: £42.8BN)

* SAYS DISCRETIONARY FUNDS OF £40.1BN, INCLUDING ACQUIRED FUNDS OF £0.3BN, (2018: £37.6BN) REFLECT CONTINUED ORGANIC GROWTH AND POSITIVE INVESTMENT PERFORMANCE

* SAYS DISCRETIONARY NET FUNDS INFLOWS OF £1.4BN (2018: £2.3BN)

* SAYS STATUTORY PROFIT BEFORE TAX OF £62.6M, 8.6% LOWER THAN 2018 (£68.5M

* SAYS TOTAL INCOME FOR PERIOD INCREASED BY 3.1% TO £339.1M (2018: £329.0M)

* SAYS TOTAL COSTS OF £265.7M EXCLUDING ADJUSTED(1) ITEMS (2018: £252.3M), 5.3% INCREASE DUE TO PLANNED SPENDING ON GROWTH INITIATIVES AND INFRASTRUCTURE PROJECTS

* SAYS FULL YEAR DIVIDEND 16.4P (2018: 16.4P), FINAL DIVIDEND OF 12.0P PER SHARE

* SAYS OVER 40% OF NEW DIRECT BUSINESS WAS THROUGH OUR INTEGRATED WEALTH MANAGEMENT SERVICE

* SAYS THIS YEAR HAS SEEN ECONOMIC UNCERTAINTY RESULTING IN SUBDUED CLIENT ACTIVITY

* SAYS WE REMAIN ON TRACK TO MEET OUR TARGET TO GROW NEW DISCRETIONARY FUNDS ORGANICALLY BY A THIRD BY END OF FY 2020 Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below