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Annual Results

Hargreaves Lansdown AuA up 28%

15 August 2017 07:31

Hargreaves Lansdown's assets under administration rose by 28% to £79.2bn in the year to the end of June.

Pre-tax profits rose by 21% to £265.8m and the group has declared a dividend of 29.0p per share - up 20%.

The total dividend of 29p is down 15% on last time.

Chief executive Chris Hill said: "We have had a good year for gathering new clients and assets as a result of our relentless focus on the exceptional service we provide.

"Key to this has been understanding the needs of our clients and expanding our range of solutions and services to help them.

"There are considerable challenges for people in the current saving and investment environment but there are also opportunities, and Hargreaves Lansdown is ideally placed to help people make their investment decisions with confidence."

Story provided by StockMarketWire.com

Related Company: HL.

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