AJ Bell half-year profits jump 61% to £42m

Revenue up 37%

AJ Bell has posted strong performance in its half year results to 31 March 2023, with profits before tax rising 61% to £41.9m, compared with £26.1m over the same period last year.

Revenue rose 37% to £103.6m from £75.5m in the half year to March 2022. The company also posted a 57% rise in diluted earnings per share at 7.9 pence and an interim dividend of 3.5 pence per share - a 26% increase from the same period last year. AJ Bell Investments assets jump 70% to £3.9bn in last year AJ Bell's platform business reported a period of growth with customer numbers rising 7% over the six months to 455,008. Platform assets under administration grew 7% to £68.8bn, driven by inflows of £2bn and favourable market movements of £2.5bn over the period. Customer retent...