GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:GQG) has released an update.
GQG Partners Inc. has reported a significant financial growth for the first half of 2024, with an increase in funds under management (FUM) to $155.6 billion, up nearly 50% from the previous year. The firm saw a substantial rise in net revenue and net operating income, up by 53.1% and 54.9% respectively, and declared a quarterly interim dividend that represents 90% of distributable earnings. CEO Tim Carver attributes the strong performance to consistent investment returns and client trust, underpinning the expectation of continued positive client inflows.
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