Bloomberg News

Iimia Says Pretax Profit Beat Estimates on Fund Fees

January 19, 2007

Iimia Investment Group Plc, a U.K. fund manager, said annual pretax profit ``significantly'' exceded analysts' estimates after the company boosted money under management.

Funds ``outperformed their benchmarks,'' the Exeter, southwest England-based company said in a Regulatory News Service statement today. Iimia's funds under management increased to 650 million pounds ($1.3 billion) at the end of December.

The shares gained 14.5 pence, or 6.6 percent, to 233.5 pence in London, giving Iimia a market value of 37 million pounds.

The company will report earnings for the 12 months through December on March 23.

To contact the reporter for this story: Bill Murray in London at at wmurray1@bloomberg.net

To contact the editor responsible for this story: Malcolm Fried in Amsterdam at mfried@bloomberg.net


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