Invesco’s operating profit up
Global investment firm Invesco has reported an operating profit of $878.5 million for the nine months to September 30, 2007, which represents a 45.5 per cent increase on the previous year.
The solid performance throughout 2007 for the parent company of specialist fund manager InvescoAustralia is illustrated by record assets under management, which reached $572.8 billion, up from US$491.6 billion at June 30, 2007. This was fuelled by an improved operating margin of 37 per cent over last year’s 30 per cent.
Net revenues increased by 20.1 per cent from last year reaching US$2,113.5 million and diluted earnings per share were US$0.60, which is an increase of 50 per cent on last year.
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