Janus Henderson Group reports revenue rise

Company News

by Kathy Skantzos

Janus Henderson Group (ASX:JHG) has reported its total revenue increased 10 per cent for the quarter, bringing the annual adjusted revenue to US$1.85 billion for FY2018 compared to US$1.67 in FY2017.

Adjusted net income increased to US$147.9 million in Q4 compared to $114.2 million in Q3, which brings the annual figure to US$504.4 for FY2018 compared to US$400 million for FY2017.

The growth in revenue has led to a 28 per cent increase in adjusted diluted earnings per share at US$0.73 in Q4, bringing the annual figure to US$2.48 in FY2018.

The company received a US$340.7 million tax benefit during the quarter, which has been accounted for in the adjusted results.

The company says 2017 was a landmark year, with strong investment performance, profitability growth, and revenue growth driven by performance fees.

The group declared a Q4 dividend of US$0.32 a share unfranked, which will be paid out on 2 March 2018.

Shares in Janus Henderson Group (ASX:JHG) closed almost 5 per cent lower yesterday at $45.63.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.