Client inflows remained strong during the Q1 market rout, when many funds around the world saw some of the largest outflows in decades1 . That has contributed to achieving year-on-year revenue growth of 22% (£41.2m in H1- 20, up from £33.8m in H1-19), adjusted operating profit growth of 36% (£10.5m vs £7.7m), and probably most importantly in such uncertain times, a further strengthening of Impax’s net cash position, up 112% from £9.7m to £20.6m. The i
11 Jun 2020
V-shaped share price recovery looks justified
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V-shaped share price recovery looks justified
Impax Asset Management Group plc (IPX:LON) | 445 0 0.0% | Mkt Cap: 590.1m
- Published:
11 Jun 2020 -
Author:
Paul Bryant -
Pages:
13
Client inflows remained strong during the Q1 market rout, when many funds around the world saw some of the largest outflows in decades1 . That has contributed to achieving year-on-year revenue growth of 22% (£41.2m in H1- 20, up from £33.8m in H1-19), adjusted operating profit growth of 36% (£10.5m vs £7.7m), and probably most importantly in such uncertain times, a further strengthening of Impax’s net cash position, up 112% from £9.7m to £20.6m. The i