Ninety One reports challenging first half
HEPS were down 12%, as demand for risk-on strategies remained muted
20 November 2024 - 10:45
Ninety One experienced disappointing cash flows in the six months to end-September, as the demand for risk-on strategies, particularly in emerging markets, remained muted, said CEO Hendrik du Toit.
The group reported net outflows of £5.3bn for the period, while headline earnings per share (HEPS) were down 12% to 7.8p from the previous comparable period. Adjusted operating profit fell by 9% to £88.6m year on year. ..
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