Liontrust Asset Mgmt FY Pre-Items, Pre-Tax Pft GBP0.77M

16th Jun 2010 07:20

LONDON (Dow Jones)--Liontrust Asset Management PLC (LIO.LN), an independent specialist fund management group, announced Wednesday it made an adjusted pretax profit of GBP0.77 million for the year ended March 31, compared with GBP14.3 million. MAIN FACTS: -Pretax Loss: GBP1.01 million) (2009: Profit 12.35 million) -Revenue: GBP13.17 million (2009: GBP36.00 million) -Operating Loss: GBP1.02 million (2009: Profit GBP11.77 million) -Earnings per share 3.18 pence (2009: 28.32 pence) -Performance fees of GBP3.4 million (2009: GBP16.2 million) -Net Cash: GBP11.72 million (2009: GBP26.64 million) -On Jun. 15, 2010, assets under management were GBP1.1 billion -No second interim dividend -The total dividend for the full year amounts to 2.5 pence per share (2009: 7.5 pence) -The company is at a turning point in the fortunes. -The changes being implemented and the strong fund management performance lead the company to believe the outlook is a much more positive and profitable one. -Shares closed Tuesday at 88 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires June 16, 2010 02:20 ET (06:20 GMT)