Aberdeen Asset Management Reports Rise In Net Profit

Aberdeen Asset Management PLC

reported an 8.6% drop in its assets in three months. Aberdeen's assets under management dropped to GBP169.9 billion at Sept. 30, versus GBP185.8 billion at June 30, versus GBP178.7 billion at September 30, 2010. Its net profit surged 83% for the year ended September 30, to GBP169.7 million, versus GBP92.6 million in fiscal 2010. Aberdeen's revenue climbed to GBP784 million, from GBP638.2 million.