UK fund manager Aberdeen reports outflows in first-half results
Analysts had predicted 1.5 billion pounds of outflows for the period according to an average of analyst forecasts compiled by the company, which posted 800 million pounds of net inflows for the same period the prior year.
The fund manager said assets under management were 517.6 billion pounds, slightly ahead of forecasts and up from 500.1 billion pounds at the end of March. The company reported an adjusted operating profit of 125 million pounds, beating forecasts but down 2% on the prior year.
It said it would pay an unchanged interim dividend of 7.3 pence per share.
($1 = 0.7495 pounds)
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