- Impax Asset Management Group said Thursday annual assets under management grew sharply on strong inflows from clients in continental Europe and North America amid continued long-term investment out-performance.

For the year ending 30 September, assets under management increased 72% to £12.5bn, profit before tax increased 150% to £14.6m and revenue increased 101% to £65.7m.

The company proposed a final dividend of 3.0p per share, taking the total dividend for the year to 6.7p per share.

'2018 was a landmark year for Impax, and I'm very pleased to report strong progress against all of our key performance indicators. Our assets under management have significantly expanded as we've attracted high levels of inflows and successfully integrated Pax World Management LLC, said Keith Falconer, Chairman.

At 10:01am: [LON:IPX] Impax Asset Management Plc share price was -5p at 213p

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