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Aberdeen sees profits grow 37 per cent

Aberdeen Asset management increased its pre-tax profit by 37 per cent to £48m for the year to September 2001, up from £35m in 2000.

Profits increased by 57 per cent to £182m in 2001, up from £115m in 2000, while assets under management increased 58 per cent to £34bn from £21bn, in a year when the company acquired Equitilink, Murray Johnstone and Aberdeen Property Investors.

Aberdeen chief executive Martin Gilbert says: ” It has been a busy year for acquisitions and a successful one for integrating these businesses within the Group. This has happened during some of the most volatile market conditions in recent memory and yet we have achieved much and have improved our operating margins.”

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