Regal Partners expects $90M half-year profit
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- Regal Partners expects first-half net profit to double to at least $90 million.
- Total funds under management rose 6% during the June quarter to $21.4 billion.
- Growth was driven by record net inflows exceeding $1.3 billion across core strategies.
Regal Partners (ASX:RPL) expects its first-half net profit to double to at least $90 million.
This represents a 100% increase compared to the $44.8 million profit generated in the prior period.
Management fees will reach at least $115 million.
Total funds under management grew 6% over the June quarter to reach $21.4 billion.
Following the announcement, the Regal Partners share price was up at $2.91.
The asset manager generated record first-half net inflows exceeding $1.3 billion across its investment funds.
Key drivers included $1 billion raised for the Taurus Mining Finance Fund III during June.
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