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Impax Asset Management FY16 Profit, AuM Rise, Lifts Dividend - Quick Facts

Impax Asset Management Group plc (IPX.L) reported Thursday that its fiscal 2016 profit before tax increased to 5.2 million pounds from 5.1 million pounds last year.

Earnings per share were 3.62 pence, higher than 3.13 pence last year.

Operating earnings were 4.2 million pounds, compared to 3.1 million pounds a year ago.

Revenue grew to 21.1 million pounds from 19.7 million pounds last year.

Assets under management and advice increased 59% to 4.5 billion pounds from 2.8 billion pounds last year, rising further to 4.7 billion pounds by October 31.

Further, the company proposed final dividend of 1.6 pence per share, higher than 1.2 pence per share last year.

The aggregated dividend payment for the full year would be 2.1 pence per share, a 31 percent increase over the previous year

Ian Simm, Chief Executive, said, "Following the strong results of 2016, the positive news flow has continued in the first couple of months of this financial year."

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