Assets under management at Impax Asset Management Group increased 22 per cent in the first six months of 2013 to GBP2.2bn from GBP1.8bn, reflecting net inflows of GBP100m and rising equity markets.
Revenue in the first half of 2013 was GBP8.7m (H1 2012: GBP9.2m), operating earnings were GBP1.8m (H1 2012: GBP2.2m), while unaudited profit before tax was GBP1.5m (H1 2012: loss of GBP2.7m).
Diluted earnings per share were 1.38 pence (adjusted) (H1 2012: 1.45 pence), while shareholders’ equity increased to GBP22.8m (H1 2012: GBP22.2m).
Ian Simm (pictured), chief executive, says: “With rising concerns about the pace of climate change, the quality of water and air, the reliability of harvests and the price of materials, investors are increasingly interested in exposure to companies active in resource efficiency and environmental markets. I am therefore pleased that Impax has delivered strong investment performance and secured significant inflows.”
