LONDON, July 27 (Reuters) - Asset manager Jupiter posted first-half net outflows of 2.3 billion pounds ($3.01 billion) on Friday and said the operating environment was challenging.
The outflows were larger than the 1.9 billion pounds forecast in a company-supplied poll.
Assets under management fell 4 percent to 48.2 billion pounds in the six months to June 30, Jupiter said in a statement, though this was above analysts’ forecast of 47.8 billion pounds.
Profit before tax rose 3 percent to 96.5 million pounds, and Jupiter’s interim dividend per share increased by 16 percent to 7.9 pence per share, above a forecast 7 pence. ($1 = 0.7632 pounds) (Reporting by Carolyn Cohn, editing by Maiya Keidan)