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Johannesburg - Coronation Fund Managers [JSE:CML] on Tuesday reported a 112% jump in diluted headline earnings per share to 128c for the year ended September 2010 from 60.5c a year ago.
A final dividend of 76c per share was declared, which together with the interim dividend of 51c amounts to a total dividend of 127c per share - up 154% on the previous year.
The group said its total assets under management grew 28% to R198bn.
Revenue increased by 61% to R1.35bn and together with a continued focus on cost control measures, this resulted in a 109% increase in profit for the period to R440m.
The group said excellent stock selection, asset allocation and robust net inflows, underpinned by the recovery in the domestic market resulted in assets under management rising to R198bn from R155bn a year ago.
A defining characteristic of Coronation's investment philosophy is its long time horizon. "In a market obsessed with short-term performance we find compelling opportunity that allows us to consistently produce strong investment returns for clients over the long term," it said.
Within the institutional space the Coronation absolute portfolios rank first across all reported time periods in the Alexander Forbes (AF) Conservative Global Manager Watch, while its domestic balanced portfolios are first over one year and third over the three and five year periods in the AF SA Large Manager Watch.
The Coronation Top 20 Fund reported a 7.52% p.a. outperformance of the FTSE/JSE Top 40 Index and the Coronation Balanced Plus Fund is the no. 1 balanced fund in the country over five years as measured by Morningstar to 30 September 2010.
Looking ahead the group said the recovery in the domestic markets created the perfect platform from which to demonstrate the company's skill as a long-term investor "finding opportunity and remaining single-minded in our pursuit of alpha."
"The past year was exceptional and we therefore caution against future revenue growth expectations," it said.
A final dividend of 76c per share was declared, which together with the interim dividend of 51c amounts to a total dividend of 127c per share - up 154% on the previous year.
The group said its total assets under management grew 28% to R198bn.
Revenue increased by 61% to R1.35bn and together with a continued focus on cost control measures, this resulted in a 109% increase in profit for the period to R440m.
The group said excellent stock selection, asset allocation and robust net inflows, underpinned by the recovery in the domestic market resulted in assets under management rising to R198bn from R155bn a year ago.
A defining characteristic of Coronation's investment philosophy is its long time horizon. "In a market obsessed with short-term performance we find compelling opportunity that allows us to consistently produce strong investment returns for clients over the long term," it said.
Within the institutional space the Coronation absolute portfolios rank first across all reported time periods in the Alexander Forbes (AF) Conservative Global Manager Watch, while its domestic balanced portfolios are first over one year and third over the three and five year periods in the AF SA Large Manager Watch.
The Coronation Top 20 Fund reported a 7.52% p.a. outperformance of the FTSE/JSE Top 40 Index and the Coronation Balanced Plus Fund is the no. 1 balanced fund in the country over five years as measured by Morningstar to 30 September 2010.
Looking ahead the group said the recovery in the domestic markets created the perfect platform from which to demonstrate the company's skill as a long-term investor "finding opportunity and remaining single-minded in our pursuit of alpha."
"The past year was exceptional and we therefore caution against future revenue growth expectations," it said.
