May 22, 2018 / 6:56 AM / in 5 months

BRIEF-Intermediate Capital Group sees FY fund management profits rise

May 22 (Reuters) - Intermediate Capital Group PLC:

* ICG FUNDRAISING AND CAPITAL DEPLOYMENT AT RECORD LEVELS INTERMEDIATE CAPITAL GROUP PLC (ICG) ANNOUNCES ITS FINAL RESULTS FOR YEAR ENDED 31 MARCH 2018.

* THIRD PARTY FEE EARNING AUM UP 12% IN YEAR TO EUR 21.0BN.

* STRONG DEPLOYMENT ACROSS STRATEGIES, UP 21% TO EUR 4.9BN. CONTINUED FOCUS ON INVESTMENT DISCIPLINE IN A COMPETITIVE MARKET.

* FUND MANAGEMENT COMPANY PROFITS UP 29% TO £95.3M (2017: £74.0M), WITH THIRD PARTY FEE INCOME¹ UP 21%.

* GROUP PROFIT BEFORE TAX OF £199.1M (2017: £252.4M); ADJUSTED GROUP PROFIT BEFORE TAX¹ WAS £168.3M (2017: £236.2M).

* INVESTMENT COMPANY PROFITS LOWER AT £103.8M (2017: £178.4M), DUE TO LOWER INVESTMENT INCOME. Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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