Hargreaves Lansdown (HL.L) final results for last year showed a performance inline with expectations. They showed Hargreaves Lansdown grew revenue, profits, assets under administration and active client numbers to new record levels.
Total assets under administration was up 29% to £46.9Billion, the company also showed increased net revenue up 8% at £291.9Million and operating profit was also up 8% at £208.0Million.
The company also showed a strong increase in the total number of clients and announced a dividend increase of 8% at 32p per share.
Ian Gorham, Chief Executive, commented: “During the year we have continued to expand and improve the services we provide to our clients whilst also dealing with major regulatory change. Hargreaves Lansdown has not only retained but furthered its market leading position. Our clients have entrusted a further £6.4 billion to us such that we now administer £46.9 billion of assets. We have also welcomed 144,000 new clients during the year, with clients now totalling 652,000. This has led to an 8% increase in net revenues and 7% growth in profits. We thank our diligent staff for their efforts and our clients for their continued loyalty.”
Hargreaves Lansdown (HL.L) final results for last year showed a performance inline with expectations. They showed Hargreaves Lansdown grew revenue, profits, assets under administration and active client numbers to new record levels.
Total assets under administration was up 29% to £46.9Billion, the company also showed increased net revenue up 8% at £291.9Million and operating profit was also up 8% at £208.0Million.
The company also showed a strong increase in the total number of clients and announced a dividend increase of 8% at 32p per share.
Ian Gorham, Chief Executive, commented: “During the year we have continued to expand and improve the services we provide to our clients whilst also dealing with major regulatory change. Hargreaves Lansdown has not only retained but furthered its market leading
position. Our clients have entrusted a further £6.4 billion to us such that we now administer £46.9 billion of assets. We have also welcomed 144,000 new clients during the year, with clients now totalling 652,000. This has led to an 8% increase in net revenues and 7% growth in profits. We thank our diligent staff for their efforts and our clients for their continued loyalty.”