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HARDMAN & CO RESEARCH Hardman & Co publication on City of London Investment Group (CLIG): Good fund performance and solid results

Transparency directive : regulatory news

02/10/2024 08:45

Hardman & Co Research
Hardman & Co publication on City of London Investment Group (CLIG): Good fund performance and solid results

02-Oct-2024 / 07:45 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on City of London Investment Group (CLIG):

Good fund performance and solid results

 

City of London has announced its full-year results for 2024. As stated in the trading statement, FUM was $10.24bn, a 9% increase over the year. While market performance offset net outflows, there was a significant improvement in the latter in the second half, which bodes well going forward. Underlying profit before tax of $27.2m was a 0.5% increase over 2023’s $27.0m. A higher effective tax rate meant that underlying EPS declined 3% from 43.4¢ to 42.2¢. As previously announced, the final dividend was unchanged, at 22p, making 33p for the year as whole. Cash balances increased, to $33.7m, from $25.9m as of 31 December 2023.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/good-fund-performance-and-solid-results/

If you are interested in meeting the company, you can register your interest by clicking on the above link.

To contact us:

Hardman & Co

9 Bonhill Street

London

EC2A 4DJ
www.hardmanandco.com

 

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Contact:

Brian Moretta


 

 

bm@hardmanandco.com

 

Hardman & Co Research can be accessed for free under MiFID. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1999999  02-Oct-2024 

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source : webdisclosure.com



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