Man Group PLC reports new highlights for 6 months (ending 30 June 2013)
? Total tangible assets at 30 June 2013 of $2.2bn
? Net tangible assets at 30 June 2013 of $1.3bn, 72 cents or 47 pence per share
? Total liquidity at 30 June 2013 of $2.6bn
? All borrowings will have been repaid by 7 August 2013
? Surplus capital at 30 June 2013 of $990m
? Pro-forma surplus capital after the remaining debt buyback, interim dividend and restructuring charges of up to $550m.
? Volatile market environment continues
? Funds under management down 9% to $52.0 billion
? Adjusted PBT of $134 million (six months ended 30 June 2012: $122 million)
? Statutory profit before tax of $122 million (six months ended 30 June 2012: loss of $163 million)
? Proposed interim dividend of 2.6 cents per share
In the last 12 months funds under management are down 2% to $57.0 billion
? Adjusted PBT of $278 million (9m to 31 Dec 2011: $262 million)
? Decision to impair GLG goodwill by a further $746 million
? Statutory loss before tax of $745 million (9m to 31 Dec 2011: profit of $193 million)
? Significant management change at Board and Executive Committee
? Proposed final dividend of 12.5 cents per share to bring total dividend for the year to 22.0 cents.
Editing by Alex Akesson
Editor for HedgeCo.net
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