On ZDNet: Windows success? It's all about drivers

Aberdeen Profit 47.3 Mln Pounds

Tags: Aberdeen Group Inc., Asset Management, Business Operations, Finance, Investment, Mergers & Acquisitions, Operational Planning, Pound

  • Print
  • 0


2008-05-05 23:45:51.0

LONDON (Reuters UK) - Aberdeen Asset Management (ADN) said on Tuesday that pretax profit before exceptional items and amortisation of intangibles for the six months to end-March was 47.3 million pounds.

The group also said it had agreed to acquire Goodman Property Investors for an initial 89 million pounds, plus further payments linked to assets under management, and will fund the acquisition by issuing 65.1 million new shares.

The group said assets under management stood at 107.3 billion pounds at end-March.

(Reporting by Laurence Fletcher; Editing by Quentin Bryar)

ParticipateShare your ideas and expertise on this topic
advertisement
Recommended Business Articles