Jupiter Fund Management PLC on Thursday reported a higher profit and assets under management in the first six months of 2023.
Jupiter Fund shares rose 12% to 121.50 pence each on Thursday afternoon in London.
The UK fund management group managing equity and bond investments for investors said pretax profit jumped 85% to £34.8 million from £18.8 million a year prior. Assets under management grew to £51.4 billion from £48.8 billion.
Total dividends per share decreased 19% to 6.4 pence from 7.9p though.
Looking ahead, Chief Executive Officer Matthew Beesley said: ‘The short-term outlook remains uncertain, but we are well-positioned for growth over the medium term and confident that our strategy is the right one.’
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