Asset manager business sees profits rise to £28.4m
Asset management firm Arrow Global saw underlying profits rise by 10% to £28.4m in the first six months of the year.
The Manchester based company said profit after tax increased from £4.8m to £8.5m while adjusted EBITDA was up 16.8%.
The company said there was strong investment in the underwriting performance at 103% of original forecast.
Meanwhile, there was a 29% growth in assets under management to £49.3 billion.
Over the period there were record portfolio acquisitions of £145.1 million, up from £125.1 million in ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
