LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management reported full-year results ahead of market expectations on Tuesday, with revenue rising 20.1% to £54.4m and adjusted operating profit increasing 24.1% to £28.5m in the year ended 31 March.
The AIM-traded investment management and IFA support services group said statutory pre-tax profit rose 17.2% to £25.3m, while adjusted diluted earnings per share increased 22.3% to 35.05p.

Assets under management and influence rose 11.0% to £24.2bn, or £26.5bn by 12 June, while underlying net inflows were £2.8bn and the total dividend was lifted 42.1% to 27.0p.

Chief executive Paul Hogarth said the results were "a powerful demonstration of the fundamental strength of the underlying business", despite the orderly conclusion of the Perspective Financial Group contract.

Tatton said it was maintaining its target of £30bn in assets under management and influence by the end of March 2029, although Hogarth said the company's momentum gave him confidence it could achieve the ambition ahead of schedule.

At 0911 BST, shares in Tatton Asset Management were up 9.63% at 659.98p.

Reporting by Josh White for Sharecast.com.

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