Neptune profits fall 40% after 'challenging' year
Neptune's profits before tax fell nearly 40% in 2012, with assets under management down 7.5%, after what the group called an "extremely difficult year for equity investors".
The asset manager's profit before tax was £12.8m for 2012, down from £21.1m in 2011, its annual results have revealed. Turnover - predominantly from management fees - also fell from £95m to £85m, while...
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