The latest update is out from Quilter ( (GB:QLT) ).
Quilter PLC’s preliminary announcement for the 2024 financial year reveals a challenging period with a reported loss after tax of £34 million, compared to a profit of £42 million in the previous year. The company’s total income increased to £5,449 million from £4,626 million, driven by a significant rise in investment returns. However, increased expenses, including changes in investment contract liabilities and operating costs, contributed to the overall loss. The announcement highlights the company’s financial position with total assets of £62,448 million and total liabilities of £61,025 million as of December 2024, indicating a decrease in equity. These results may impact Quilter’s market positioning and stakeholder confidence as the company navigates through financial challenges.
More about Quilter
Quilter PLC operates in the financial services industry, focusing on wealth management. The company provides investment solutions and financial advice, catering primarily to individual investors and institutional clients.
Average Trading Volume: 375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.58B
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