Invesco Australia's parent company, Invesco, has reported an improved net income result for the three months ended June 30, 2008, with a $162.8 million net income for that quarter.
This is down $12.7 million for the same quarter last year, however it is up from $155.2 million for the quarter ended March 31, 2008.
The reported operating income also followed suit with a second quarter 2008 result of $240 million, down from $262 million for the same period last year but up from the first quarter 2008 result of $228.1 million.
Assets under management (AUM) worldwide were $461.3 billion. This is down from $482.6 billion for the first quarter of 2008.
The decline in AUM was largely driven by the downturn in global equity markets during the second quarter of 2008.
Despite some negative results, Invesco President and chief executive officer Martin Flanagan is looking towards the future.
"In spite of the current turbulent markets, we are continuing to focus on executing our multi-year strategy to improve our competitive position over the long-term," Flanagan said.
All figures are in US dollars.
