Fund manager Jupiter posts better-than-expected annual profit By Reuters


© Reuters.

(Reuters) – Jupiter Fund Administration (LON:) reported better-than-expected full-year revenue on Thursday, as a decent lid on prices and agency institutional consumer demand helped offset the impression of muted retail investor sentiment within the UK.

The corporate mentioned revenue rose to 105.2 million kilos ($133.1 million) within the yr ended Dec. 31, from 77.6 million kilos final yr. Analysts, on common, anticipated underlying revenue earlier than tax to be 91.5 million kilos, in keeping with a company-compiled consensus.

“The market outlook continues to be unsure however I’m assured that now we have a robust underlying enterprise and a method that may ship development over the medium time period,” CEO Matthew Beesley mentioned in an announcement.

($1 = 0.7905 kilos)

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