Financial services group Perpetual Ltd (ASX:PPT) has more than doubled its full year net profit to $90.5 million for the twelve months to 30 June.
A fully franked final dividend of $1.05 has been declared, taking the full year dividend to $2.10, which compares to a dividend of 99.8 cents last year.
The funds manager says the result was driven by improved market conditions for its investments.
Chairman Bob Savage says stronger profits, higher earnings per share and increased funds under management enabled the result.
Mr Savage ads that over the past 12 months Perpetual has recorded a $1.2 billion increase in funds under management.
Perpetual reported a profit of $37.75 million for the year to 30 June 2009.
PPT Price at posting:
$31.15 Sentiment: None Disclosure: Held
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