abrdn ( (GB:ABDN) ) has issued an announcement.
abrdn plc’s 2024 financial results reveal a slight decline in fee-based revenue due to ongoing challenges in the Investments business, despite growth in ii profits and cost savings from a transformation program. The audit identified significant risks related to the recoverability of goodwill and investments, particularly concerning the ii business, though these risks have lessened compared to the previous year. The audit also highlighted the importance of management fee income and the impact of market volatility on revenue, while noting the financial reporting implications of the company’s cost transformation and corporate transactions.
More about abrdn
abrdn plc operates in the financial services industry, focusing on investment management and related financial services. The company provides a range of products and services, including asset management, wealth management, and insurance solutions, targeting institutional, retail, and insurance partners.
YTD Price Performance: 12.33%
Average Trading Volume: 3,386,426
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.83B
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