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Impax Asset Management Group PLC - London-based environmental investment trust - Records assets under management of £39.7 million as at June 30, down 1.0% from £40.1 million on March 31.
Chief Executive Officer Ian Simm says: ‘Although market conditions remain challenging for many asset managers, Impax’s specialist focus on the transition to a more sustainable global economy continues to present compelling investment opportunities. We’re maintaining our focus on resilient, well-managed companies in high growth areas such as renewable power generation, resource efficiency, infrastructure and social market.’
In May, the firm pretax profit of £21.4 million for the six months ended March 31, down 35% from £32.7 million a year prior. Meanwhile, revenue fell 0.7% to £88.0 million from £88.6 million, while diluted earnings per share decreased to 12.8 pence from 20.1p.
Current stock price: 529.75 pence each
12-month change: down 7.2%
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