Mercia Asset Management (GB:MERC) has released an update.
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Mercia Asset Management reports a year of record organic growth with assets under management increasing to approximately £1.8 billion, despite challenging market conditions. The company achieved substantial fund inflows and growth in revenues, EBITDA, and adjusted operating profits, alongside a profitable exit from nDreams Limited. Looking ahead, Mercia is focusing on managing funds and evolving its strategy, intending to reclassify as a trading company and aiming to double its EBITDA while driving assets under management to over £3.0 billion.
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