The firm also reported a cash net profit after tax of $61.9 million for the year ending September 2013, a 49 per cent increase from the previous year.
According to BTIM chief executive Emilio Gonzalez, the result was driven by excellent investment performance, improved market conditions, strong inflows into JO Hambro Capital Management (JOHCM) business and record performance fees.
Mr Gonzalez said the company was in a strong position to build on the success of the 2013 financial year.
He said BTIM had plans to launch three new funds offshore, in addition to offering new investment strategies and solutions to its domestic clients.
“This is part of our strategy of growing revenue in new markets and channels with higher margin products,” he said.
Statutory net profit after tax increased 139 per cent to $51.2 million and cash earnings were 21.3 cents per share, up 46 per cent from the previous year and at the highest level since the 2008 financial year.
“[JOHCM’s] funds under management increased by 68 per cent in Australian dollar terms, attributable to strong net inflows, improving markets and favourable currency movements, while at the same time delivering record performance fees,” said Mr Gonzalez.
He said the company was also pleased with the success of its new products launched into the Australian market.
The BTIM board announced a final dividend of 10 cents per share, which brings the total dividends for the year to 18.0 cents per share, a 44 per cent increase from the previous year. This means a payout ratio of 85 per cent for the year.
