Ashmore Group PLC (GB:ASHM) has released an update.
Ashmore Group PLC reports a 15% increase in profit before tax at £128.1 million for the year ended June 2024, despite a 10% lower average Assets under Management (AuM). The company maintained its final ordinary dividend at 12.1 pence per share and saw approximately 60% of AuM outperforming benchmarks over three and five years. With Emerging Markets showing resilience and growth, Ashmore anticipates increased capital flows and investor interest in these markets going forward.
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