Edition:
United Kingdom

Standard Life Aberdeen FY profit broadly flat at 650 mln stg


Wednesday, 13 Mar 2019 

March 13 (Reuters) - Standard Life Aberdeen PLC ::RESILIENT PERFORMANCE AGAINST A CHALLENGING INDUSTRY BACKDROP AND WEAK INVESTOR SENTIMENT . PROFIT FROM CONTINUING OPERATIONS BROADLY FLAT AT £650M.BROAD DEMAND FOR OUR WIDER PRODUCT SUITE WITH GROSS INFLOWS UP TO £75.2BN (2017: £72.4BN).AHEAD OF SCHEDULE IN DELIVERING COST EFFICIENCIES OF AT LEAST £350M WITH ACTIONS ALREADY TAKEN TO DELIVER £175M OF THESE SAVINGS.FOCUS ON FINANCIAL DISCIPLINE RESULTING IN A FURTHER REDUCTION IN EXPENSES OF £56M DURING YEAR.FINAL DIVIDEND UNCHANGED - WE INTEND TO MAINTAIN DIVIDEND PER SHARE AT 2018 LEVEL DURING PERIOD OF TRANSFORMATION.NET OUTFLOWS CONTINUED BUT WERE CONCENTRATED IN A SMALL NUMBER OF STRATEGIES.