Abrdn reports full-year earnings beat, targets 18% profit growth
04/03/2025 07:07
LONDON, March 4 (Reuters) - Abrdn ABDN.L reported better than expected annual profit on Tuesday, as CEO Jason Windsor unveiled a revamped strategy for the British fund manager with a target of improving profit by at least 18% within two years. Abrdn reported adjusted operating profit of 255 million pounds ($324 million) for the year, up 2% from 249 million pounds the prior year and narrowly beating a 249 million pound average of analyst forecasts compiled by the company. It announced a 14.6 pence dividend per share. ($1 = 0.7873 pounds) (Reporting by Iain Withers, editing by Sinead Cruise) ((Iain.Withers@thomsonreuters.com;))