Platinum Asset Management said its net profit in the six months ended December 31 was up 18 per cent to $119.7 million on the back on an increase in total revenue of 15.8 per cent to $192.7 million.
The global funds management business managed to maintain a relatively stable funds under management despite its known exposure to the Chinese and Asian sharemarket that have been incredibly volatile during the last six months.
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Matthew Smith writes on personal finance specialising in companies, managed funds and investing themes from our Sydney newsroom. Connect with Matthew on Twitter.
