Ninety One announces interim results for the six months to 30 September 2021

Record first-half earnings and AUM.

Nov 16, 2021

Ninety One today reported record assets under management of £140 billion in the first half, a rise of 7% over the last six months.

Net inflows in the six-month period were £3.9 billion.

Net revenue increased 10 percent to £328.4 million, and profit before tax rose 39 percent to £132.1 million, including the £14.9 million in proceeds from the Silica sale. Adjusted operating profit climbed 20 percent to £115.6 million. PBT and adjusted operating profit were record amounts for an interim period.

Ninety One posted a 42 percent increase in basic earnings per share, to 11.2 pence. Adjusted earnings per share rose 21 percent to 9.7 pence.

The company posted an interim dividend of 6.9 pence a share.

Ninety One founder and CEO Hendrik du Toit said: “The combination of strategic clarity, disciplined execution, competitive investment performance, a motivated, stable team and a long-term approach to business continues to work well for Ninety One. While the supportive market conditions of this reporting period will not last indefinitely, we see substantial long-term growth opportunities ahead. We will continue to invest in our people and our business so that we can deliver for our clients. This remains our formula for value creation.”

Read interim results announcement:
Interim results for the six months to 30 September 2021

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This communication is provided for general information only should not be construed as advice.

All the information in is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessary reflect those of Ninety One.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

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