Company Profile For Aberdeen Asset Management Plc

Aberdeen Asset Management Plc (ADN.L) (London Stock Exchange)

sector: Financials · industry: Investment Services ·

As of 24 Nov 2009

140.40GBp

Price Change

-0.80

Percent Change

-0.57%

Analyst Recommendations

Overview

Aberdeen Asset Management Plc is an independent asset management company engaged in the provision of asset management services. It is engaged in the management of financial assets, chiefly equities, fixed income and property, for third parties. It operates in two business segments: investment management, and property asset management. In May 2009, the Company completed the first closing of its acquisition of certain fund management assets and businesses of Credit Suisse. The first closing is with respect to the businesses in Asia Pacific (excluding Japan). In July 2009, it completed the final closing of its acquisition of certain fund management assets and businesses of Credit Suisse. In October 2009, the Company announced the consolidation of its German equities, fixed income and property businesses into one single unit.

Quick Financial Synopsis

BRIEF: For the six months ended 31 March 2009, Aberdeen Asset Management plc's revenues decreased 5% to £192.2M. Net income applicable to common decreased 81% to £3.7M. Revenues reflect a decrease in income from Investment Management divisions. Net income also reflects higher operating costs, an increase in amortisation of intangible assets, a significant decrease in finance revenue and a rise in finance costs.