0R15 9329.0 -0.4482% 0R1E 9035.0 1.4826% 0M69 None None% 0R2V 244.0 0.0% 0QYR 1579.0 -1.4357% 0QYP 417.0 0.0% 0RUK None None% 0RYA 1526.0 -2.1795% 0RIH 194.6 0.0% 0RIH 194.6 0.0% 0R1O 221.5 9900.0% 0R1O None None% 0QFP 10649.4902 111.2994% 0M2Z 294.15 2.6254% 0VSO 31.68 -11.0237% 0R1I None None% 0QZI 609.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 227.68 -0.7798%
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abrdn (LSE:ABDN) Sets Ambitious Goal of GBP 150Mn in Annual Savings by 2025
Highlights
abrdn PLC (LSE:ABDN) is an investment company based in the United Kingdom. Its operations are divided into three segments: Investments, Adviser, and Other.
In the first half of financial year 2024 (H1FY24), ABDN’s net operating revenue stood at USD 667 million, reflecting a decline of 7.49% compared to H1FY23. The decrease in revenue was driven by outflows, lower investment margins, and corporate actions, although this impact was partially mitigated by a rise in Adviser revenue.
Adjusted operating profit, on the other hand, saw a slight increase of 0.79%, reaching USD 128 million in the first half, up from USD 127 million in H1FY23. This modest growth was attributed to higher revenue and a temporary GBP 7 million outsourcing discount, which is expected to conclude upon the delivery of the abrdn SIPP.
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