Revenue ($m): 166.6, up 8.5% on year-earlier 153.6
Pre-tax profit ($m): 129.3 v 113
Net profit ($m): 90.4 v 79,1
Interim dividend: 12, payable March 18
Platinum Asset Management performance fees returned in the first half, thanks to the ability of the global equities manager’s flagship international, Asia and healthcare strategies to beat their benchmarks.
The investment manager recorded $3.7 million of performance fees (up from $34,000) on top of management fees of $127.3 million (down from $144.9 million).
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
