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Man Group Posts 2013 Profit

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Man Group PLC (OTC: MNGPY) 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.

Posted-In: profitEarnings News

 

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