Aug 07, 2024 / 07:30AM GMT
Steven Levin - Quilter PLC - Chief Executive Officer, Executive Director
Good morning, and welcome to our 2024 interim results. I'll do three things this morning. I'll take you through the business highlights and update you on our strategic priorities. I'll cover our improved flow momentum, and I'll provide an update of our key transformation programs. Mark will walk through the financials, and then I'll summarize and we'll take questions.
We've had a strong first half, and we're in really good shape, having delivered excellent profit growth and higher operating margins. Let me start with the key highlights. Net flows were sharply higher, up around 160% year-on-year. Adjusted profit increased 28% to GBP97 million. That reflects robust cost performance as well as higher revenues.
Our operating margin at 29% remains above our 2025 target. Earnings per share increased by 21% to 5.2p and the Board is proposing an interim dividend of 1.7p, which represents one-third of last year's total dividend. As you know, we have three clear priorities to improve our business, building distribution,
Half Year 2024 Quilter PLC Earnings Call Transcript
Aug 07, 2024
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