Abrdn Swung to 2022 Pretax Loss on Adjusting Items
28 Fevereiro 2023 - 5:20AM
Dow Jones News
By Anthony O. Goriainoff
Abrdn PLC said Tuesday that it swung to a pretax loss for 2022
due to adjusting items, missing consensus, and that it intends to
return capital to shareholders in 2023 on a level similar to
2022.
The FTSE 100 investment company said pretax loss for the year
was 615 million pounds ($742 million) compared with a pretax profit
of GBP1.2 billion for 2021. The company said this was mostly due to
adjusting items of GBP868 million. Two analysts polled by FactSet
had a pretax profit forecast of GBP223.2 million for the year.
Adjusted operating profit--the company's preferred metric, which
strips out exceptional and other one-off items--was GBP263 million
compared with GBP323 million the year before. The company said this
was due "to 4% lower revenue as a result of lower market levels
which particularly impacted high yielding equities."
Net operating revenue fell to GBP1.46 billion from GBP1.52
billion the year prior.
Assets under management and administration at the end of 2022
fell 8% to GBP500 billion.
Total net outflows were GBP37.9 billion compared with net
outflows of GBP6.2 billion in 2021.
The board declared a final dividend of 7.3 pence a share, taking
the full year dividend to 14.6 pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 28, 2023 03:05 ET (08:05 GMT)
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