LONDON, July 27 (Reuters) - British asset manager St James's Place (SJP.L) reported a fall in half-yearly profit after tax on Thursday but attracted 3.4 billion pounds ($4.40 billion) of net inflows in what the company called a "challenging period" for UK investors.
Funds under management hit a record 157.5 billion pounds, up from 148.4 billion in December 2022.
Profit after tax fell to 161.7 million, down from 208.2 million in the same period last year, and the interim dividend was 15.83 pence per share, representing 30% of the previous full-year dividend, the company said.
"As we look ahead, there continue to be challenges for UK consumers," he said.
($1 = 0.7722 pounds)($1 = 0.7719 pounds)Reporting by Elizabeth Howcroft, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.
Persons:
St James's, Andrew Croft, Croft, Elizabeth Howcroft, Sinead Cruise
Organizations:
St, Funds, UK savers, Thomson
Locations:
British, U.S