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Company News

2002

Announcement of annual results for the year ended 31st December 2001

28/02/2002

St. James’s Place Capital plc (SJPC) announces it annual results for the year ended 31st December 2001.

Highlights of our core business, the St. James's Place Group (“the Group”):

  • pre-tax profits up 16% to £92.4 million (2000: £79.5 million)
  • satisfactory growth in total new business of 11%, with a 15% increase in life and pensions new business
  • size of the Partnership up 7% to 1,121
  • assets under management up 10% to £6.3 billion
  • St. James’s Place Bank and other wealth management services successfully launched

Final dividend of 1.5p per share making a total dividend for the year of 2.75p (2000:2.25p) up 22%.

Sir Mark Weinberg, Chairman, commented:

“We are pleased with the 16% growth in profits from our core life, pensions and investment business. The Group is well positioned to benefit from any improvement in market conditions, as well as from the proposed regulatory changes.”

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