Financial services group Hargreaves Lansdown Plc (LON:HL.) said this morning that it had enjoyed strong organic growth during the 12 months to June 30, with total net business inflows rising by 65% to £3.3bn and total assets under administration up 47% at £17.5bn. As a result, Hargreaves said that revenues had increased by 20% to £159.0m and adjusted pre-tax profits had risen by 22% to £90.7m. The figures were enough to trigger a 18% increase in the company’s total dividend to 11.88 pence per share

During the year, 48,000 new active clients chose Hargreaves’ Vantage platform – its funds ‘supermarket’ – taking the total number to 330,000. The group said that the organic growth had been made possible by its ever growing reputation in the market place, and the continued dedication and diligence of its staff

Peter Hargreaves, the group’s chief executive, said: “I am extremely pleased to report on a record year for the company, which is all the more impressive given the economic uncertainty that we have faced throughout the year. Revenue, profits and earnings per share have achieved record levels and although these measures have been helped by a rise in stock markets across the year, the more significant contribution has been from record organic growth. Even though we continue to face economic uncertainty, I believe that the company is extremely well placed to build on the momentum that has been generated so far. In doing so we will continue to deliver the excellent service that our clients want, which in turn will help maintain profitable growth and generate value for our shareholders.”

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