Ashmore Group PLC (GB:ASHM) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ashmore Group PLC reports a 15% increase in profit before tax at £128.1 million for the year ended June 2024, despite a 10% lower average Assets under Management (AuM). The company maintained its final ordinary dividend at 12.1 pence per share and saw approximately 60% of AuM outperforming benchmarks over three and five years. With Emerging Markets showing resilience and growth, Ashmore anticipates increased capital flows and investor interest in these markets going forward.
For further insights into GB:ASHM stock, check out TipRanks’ Stock Analysis page.