Record plc (GB:REC) has released an update.
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Record plc has reported a year of growth with assets under management (AUM) soaring to a record $102.2 billion, driven by substantial net inflows and the successful launch of two Luxembourg funds. Despite a slight revenue increase to £45.4m and consistent performance fees, the company faced an 11.6% drop in pre-tax profit to £12.9m and a significant decrease in basic EPS. Looking ahead, the firm, under new CEO Jan Witte, remains optimistic about its medium and long-term growth, supported by a solid financial base and plans for strategic updates later in the year.
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