Company News
2005
St. James’s Place Capital Preliminary Announcement
01/03/2005
PRE-TAX PROFIT of £142.3 MILLION UP 37%
St James’s Place Capital plc (SJPC), the wealth management group, announces its annual results for the year ended 31 December 2004.
Achieved Profit highlights include:
- Total Group profit before tax of £142.3 million up 37% (including £28.0 million from sale of LAHC) (2003: profit before tax of £103.9 million)
- Group operating profit up 43% at £82.2 million (2003: £57.5 million)
- New business profits of £38.0 million for the year (2003: £25.0 million) up 52%
Other highlights include:
- New business for the year up 19% (measured on an annual premium equivalent)
- New business per Partner up 18%
- New single premiums of £1.2 billion
- Funds under management up 20% to £9.5 billion
Proposed final dividend of 1.6p per share making a total dividend for the year of 2.85p (2003: 2.75p) an increase of 3.6% for the full year.
Mike Wilson, Chairman, commented:
“We are delighted that the strong new business growth has translated into a substantial 37% growth in pre-tax profit. The 20% increase in funds under management to £9.5 billion is also particularly pleasing.
We are confident that our long established model of having our own dedicated distribution of experienced advisers, the St. James’s Place Partnership, will give us an even greater competitive advantage in the future world of depolarisation.”
Enquiries:
| Mike Wilson, Chairman | Tel: 020 7514 1907 |
| Andrew Croft, Group Finance Director | Tel: 020 7514 1907 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
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