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Aberdeen doubles pre-tax profits

Aberdeen Asset Management has posted doubled pre-tax profits of £13.4m for the first quarter of 2000.


The increase from last year&#39s mark of £6.7m will likely garner the fund manager a much coveted top 10 spot in the Association of Unit Trusts and Investment Funds monthly figures.


It is currently ranked the 13th largest fund manager in the UK.


Aberdeen has also enjoyed a 27 per cent increase in assets under management to £20.5bn and its interim dividend per share grew 106 per cent from 1.7p to 3.5p.


Chief executive Martin Gilbert says “It&#39s been a great period and results were probably slightly better than we were expecting.”


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