City of London Investment Group PLC Half Year Results to 31st December 2017

City of London Investment Group PLC (LON:CLIG) announced yesterday half year results for the six months to 31st December 2017.

SUMMARY

Funds under Management (“FuM”) of US$5.3 billion (£3.9 billion) at 31st December 2017. This compares with US$4.7 billion (£3.6 billion) at the beginning of this financial year on 1st July 2017 and US$4.1 billion (£3.3 billion) at 31st December 2016
FuM at 31st January 2018 of US$5.8 billion (£4.1 billion)
Revenues representing the Group’s management fees on FuM were £17.1 million (31st December 2016: £15.4 million)
Profit before tax of £6.6 million (31st December 2016: £5.8 million)
Increased interim dividend of 9p per share (31st December 2016: 8p) payable on 16th March 2018 to shareholders on the register on 2nd March 2018
Cash and cash equivalents at the period end of £15.6 million (31st December 2016: £10.5 million)

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