Invesco Q4 net income up 15.5%
Invesco has reported a net income of $202.3m or $0.44 diluted earnings per share, for the fourth quarter of 2011, compared to $175.2m or $0.37 diluted earnings per share, for the same period in 2010.
Operating revenues were $997.1m for the fourth quarter of 2011, down 3.1%, compared to $1.03bn for the same period a year ago.
Operating income was $211.6m, up 6.5%, compared to $198.7m for the same period a year ago.
Assets under management grew 1.4% to $625.3bn, compared to $616.5bn for the same period in 2010.
Invesco president and CEO Martin Flanagan said that the company's efforts to provide strong, long-term investment performance to our clients contributed to the third year of long-term organic growth for the firm in spite of volatile markets, particularly during the final quarter of 2011.
"Strong investment performance led to positive net flows of $24.5 billion for the year and contributed to a 21.7% increase in adjusted earnings per share," added Flanagan.
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