LONDON (Reuters) - British asset manager Jupiter Fund Management (L:JUP)'s net revenue jumped 14 percent in the first half to 169.4 million pounds, helped by the fund manager's focus on diversification, it said on Wednesday.
The revenue numbers came in above the 156 million pounds forecast in a company-supplied forecast, while pre-tax profit jumped 74 percent from a year earlier to 84 million pounds, also above forecast.
"We have seen encouraging progress with our conscious diversification by product, client type and geography," chief executive Maarten Slendebroek said in a trading statement for the six months to June 30.
Assets under management rose 8 percent in the first half to 34.3 billion pounds, while the fund manager saw net inflows of 1.4 billion pounds over the same period.
Jupiter increased its interim dividend to 4 pence from 3.7 pence.