Jupiter Fund Management delivers results for shareholders

Jupiter Fund Management delivered its final results for the 2015 calendar year with pride on Monday, having achieved its key metrics and increasing profits and capital returns for its shareholders across the board.

The FTSE 250 firm saw assets under management grow 11.9% during the period, to £35.7bn, from £31.9bn. Net inflows grew 111.1% to £1.9bn, from £0.9bn.

Jupiter reported EBITDA growth of 8% to £168.1m, with its EBITDA margin remaining stable at 51%. Profit before tax grew 2.9% to £164.6m. Underlying earnings per share were up 10.6% to 29.2p.

"It has been another successful year for Jupiter, as we made continued progress with delivering our organic growth strategy to the benefit of all our stakeholders," said chief executive Maarten Slendebroek.

He said the year saw strong investment performance allied with increased revenues, continued profit growth and further strengthening of Jupiter's liquidity and capital position.

"Despite more challenging market conditions in the second half, underlying earnings per share increased by 11% and our resilient business model supported a 29% increase in like-for-like dividends," Slendebroek added.

Jupiter's board - which considers dividends on a total basis - declared a total dividend of 25.5p per share, up 3.2% from 24.7p in 2014.