Jupiter reports £14.6m profit for first half

Jupiter has reported a pre-tax profit of £14.6m for the six months to June 30, up from a loss of £6.5m for the same period in 2009.

Edward Bonham Carter
Edward Bonham Carter

Jupiter grew its assets under management 28% from £15.5m in the first half of 2009 to £19.8m this year.

Edward Bonham Carter, chief executive, says: “Against a challenging backdrop of falling equity markets and continued volatility, Jupiter has had a strong first half of the year, culminating in the group’s successful IPO at the end of June.

“Assets under management have increased and investment performance remains strong for the majority of our funds and products. Whilst markets are likely to remain volatile, we believe the group is well placed for continued growth.”