off-the-wire

Liontrust expects full-year profit to beat market estimates

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 19 (Reuters) - British asset manager Liontrust on Wednesday forecast its full-year profit to be ahead of market estimates, mainly driven by strong growth in fee revenues.


The London-listed company, which saw its assets under management and advice decrease by 3.6% to 31.4 billion pounds
($39.04 billion) as at March 31 from December end, said it expected annual adjusted profit before tax to be not less than 86 million pounds.




($1 = 0.8044 pounds)
(Reporting by Sinchita Mitra in Bengaluru; Editing by Rashmi Aich)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.