LONDON Feb 28 British wealth manager St.
James's Place said on Tuesday posted full-year
underlying profit before tax of 163.5 million pounds ($203.12
million), in line with previous year, after increased income
from its funds under management.
Operating profit on a European embedded value (EEV) basis,
which discounts future cashflows, rose 2 percent on the year to
673.6 million pounds, up from 660.2 million pounds a year
earlier, it said in a statement.
The firm said it would pay a final dividend of 20.67 pence a
share, up 20 percent, to take the total dividend for the year up
18 percent to 33 pence a share.
St James's Place said it had seen record gross inflows of
11.4 billion pounds into its products in 2016, up from 9.2
billion pounds in 2015, to take total assets to 75.3 billion
pounds, with net inflows of 6.8 billion pounds.
($1 = 0.8050 pounds)
(Reporting by Simon Jessop, editing by Maiya Keidan)