Impax six-month profits soar 146%

The AIM quoted company has also seen a significant jump in turnover for the six-month period, from £3.18m to £4.92m. Chairman Keith Falconer says the firm has weathered the storm for global markets during the period, with assets under management and advisory climbing from £983m at the end of September 2007 to £1,089m at 31 March. The firm’s largest vehicle, the Impax Environmental Markets fund, fell by 3.9% during the period – lower than the 9.8% decline for its benchmark, the MSCI World Index. Falconer says a recent move by governments across the globe has boosted the environmental argu...