Amundi: quarterly net income up 6%

(CercleFinance.com) - Amundi has reported Q1 adjusted net income that rose 5.
9% to E318m, or E1.55 per share, with accelerating growth in adjusted gross operating income (GOI), up 4.4% to E385m.

With operating expenses rising only 3.3% to E439m, against a significant rise in revenues of 3.8% to E824m, the asset and investment management company's cost/income ratio improved to 53.3%.

Its asset inflows, which reached +E17bn, are very well balanced between the major customer segments, expertises and geographies, and our assets under management reached their highest level ever, at over E2,100bn, management said.


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