Man Group Posts 2013 Profit

Man Group PLC

posted a net profit for 2013. Man Group swung to a profit of $72 million, versus a year-ago net loss of $787 million. Its revenue fell to $967 million from $1.21 billion. The company also declared a final dividend of 5.3 cents a share. Its funds under management declined to $54.1 billion from $57.0 billion. Man Group shares closed at $1.35 yesterday.