Leap in profits for Janus Henderson Group

Company News

by Rachael Jones

Asset management group Janus Henderson Group (ASX:JHG) has reported $371.9 billion in assets under management as of March 31.

Profits for the first three months of 2018 rose 40 per cent to $143.6 million - 12 per cent up from a year before despite the firm reporting net outflows of $2.9 billion last quarter.

The money management firm is the result of a merger last year between the Janus Group and Henderson Global Investors.

Market and foreign exchange effects helped to bolster assets under management.

The company declared US$0.36 per share dividend, an increase of 13 per cent.

Shares in Janus Henderson Group (ASX:JHG) up 3.32 per cent to $45.10
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.