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Funds News

BRIEF-Polar Capital posts higher H1 pretax profits, AUM

Nov 19 (Reuters) - Polar Capital Holdings PLC:

* H1 PRETAX PROFIT ROSE 8 PERCENT TO 27 MILLION STG

* H1 BASIC EPS 23.4 PENCE VERSUS 21.6 PENCE YEAR AGO

* ASSETS UNDER MANAGEMENT (“AUM”) AT 30 SEPTEMBER 2020 £16.4BN (31 MARCH 2020: £12.2BN) AND AT 31 OCTOBER 2020 £16.9BN

* INTERIM DIVIDEND PER ORDINARY SHARE OF 9.0P (JANUARY 2020: 8.0P) DECLARED TO BE PAID IN JANUARY 2021

* CORE OPERATING PROFIT, EXCLUDING PERFORMANCE FEES, £22.0M (30 SEPTEMBER 2019: £21.3M) Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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