July 26, 2018 / 6:06 AM / 4 months ago

BRIEF-Schroders H1 pretax profit up 8 pct to 371.1 mln stg

July 26 (Reuters) - Schroders PLC:

* SAYS NET INFLOWS £1.2 BILLION (H1 2017: £0.8 BILLION)

* SAYS PROFIT BEFORE TAX UP 8% TO £371.1 MILLION (H1 2017: £342.8 MILLION)

* SAYS ASSETS UNDER MANAGEMENT AND ADMINISTRATION £449.4 BILLION (31 DECEMBER 2017: £447.0 BILLION)

* SAYS INTERIM DIVIDEND UP 3% TO 35.0 PENCE PER SHARE (INTERIM DIVIDEND 2017: 34.0 PENCE PER SHARE)

* SAYS NET INCOME BEFORE EXCEPTIONAL ITEMS UP 11% TO £1,086.1 MILLION (H1 2017: £974.4 MILLION

* SAYS PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS UP 10% TO £397.1 MILLION (H1 2017: £361.5 MILLION)

* SAYS AGAINST A CHALLENGING BACKDROP WE HAVE DELIVERED ROBUST REVENUE GROWTH THROUGH OUR STRATEGY OF FOCUSING ON NEW MARKETS AND BY CONTINUING TO EVOLVE OUR PRODUCTS AND SOLUTIONS.

* SAYS WEALTH MANAGEMENT HAS SEEN STRONG CLIENT DEMAND AND WE HAVE CONTINUED TO EXPAND OUR CAPABILITIES WITHIN PRIVATE ASSETS AND ALTERNATIVES, OFFSETTING INDUSTRY HEADWINDS IN OTHER AREAS

* SAYS NET INFLOWS FROM INSTITUTIONAL CLIENTS WERE OFFSET BY REDEMPTIONS WITHIN INTERMEDIARY SALES CHANNEL

* SAYS NET OPERATING REVENUE MARGIN BEFORE PERFORMANCE FEES AND CARRIED INTEREST STEADY AT 45 BASIS POINTS

* SAYS INSTITUTIONAL SALES CHANNEL SAW STRONG DEMAND FROM CLIENTS IN NORTH AMERICA AND LATIN AMERICA, OFFSET BY OUTFLOWS IN CONTINENTAL EUROPE AND AUSTRALIA

* SAYS NET INFLOWS INTO MULTI-ASSET AND PRIVATE ASSETS AND ALTERNATIVES STRATEGIES, PARTIALLY OFFSET BY REDEMPTIONS FROM EQUITY MANDATES

* SAYS WEALTH MANAGEMENT NET INFLOWS OF £1.2 BILLION (H1 2017: £0.6 BILLION) IN FIRST HALF OF YEAR Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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