StockMarketWire.com - City of London Investment Group's funds under management increased by 8% to US$4.2bn in the six months to the end of June.

In sterling terms, FuM increased by 17% to £2.7 billion (2014: £2.3 billion) as a result of the cross rate moving from 1.71 to 1.57 over the period. The MSCI Emerging Markets TR Net Index fell 5% over the same period.

Revenues, representing the group's management charges on FuM, were £25.4 million (2014: £24.2 million). Profit before tax was £8.9 million (2014: £7.4 million). Basic earnings per share were 26.4p (2014: 21.1p) after a tax charge of 26% (2014: 28%) of pre-tax profits.

A maintained final dividend of 16p per share is recommended, payable on 30th October 2015 to shareholders on the register on 9th October 2015, making a total for the year of 24p (2014: 24p).


At 9:30am: [LON:CLIG] City of London Investment Group PLC share price was -8.87p at 331.13p



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