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Man Group H1 profit falls to $55 million

Staff Writer | July 26, 2016
Man Group reported that its statutory profit before tax for the first half of 2016 declined to $55 million from $163 million in the prior year.
Man Group
Man Group   Earnings per share declined to 2.9 cents
Earnings per share declined to 2.9 cents from 7.5 cents last year. Adjusted profit before tax was $98 million, compared to $280 million last year. Adjusted earnings per share were 4.9 cents, compared to 13.9 cents a year ago.

Net revenues for the half year decreased to $389 million from $624 million in the previous year.

The company's board has declared an interim dividend for the year to December 31, 2016 of 4.5 cents per share. This dividend will be paid at the rate of 3.43 pence per share.


 

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