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AAM enjoys rise in profit
INVESTMENT firm Aberdeen Asset Management has recorded a rise in profits, despite "unprecedented market difficulty".
The company, which has an office at 40 Princes Street, saw pre-tax profits before exceptional items rise to 95.1 million in the year to the end of Septmber, compared to 94.3m last year.
Its assets under management also increased to 111 billion, compared to 95.3bn last time.
Chief executive Martin Gilbert said: "Conditions in the asset management industry are tough and will remain so for some time."
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Thursday 24 May 2012
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