Impax Group plc, the AIM quoted investment company which focuses exclusively on the environmental markets sector, today announces its preliminary results for the year ended 30 September 2007.
- Significant increase in profits to £1,820,654 (2006: £495,680, restated in accordance with International Financial Reporting Standards).
- Expansion in funds under management and advisory ("AUM") to £984 million at 30 September 2007 (2006: £434 million; 2005: £170 million). AUM on 14 December 2007 were £1.09 billion.
- Peter Gibbs, former Chief Investment Officer of Merrill Lynch Investment Managers (outside the United States) and Mark White, former Head of JPMorgan Fleming Asset Management's International Institutional Group shortly to join the Board.
Commenting on the results, Keith Falconer, Chairman, said:
"Companies active in the environmental sector are prospering from demand linked to long-term drivers, particularly rising energy costs, unusual weather patterns and concerns over climate change. Impax's rising profitability demonstrates our ability to make successful investments in the sector and thereby attract additional funds to manage."
For further information please contact
|Keith Falconer, Chairman Impax Group plc||07747 066637|
|Ian Simm, Founder and Chief Executive, Impax Group plc||020 7432 2619|
|Mark Dickenson, Managing Director Landsbanki Securities (UK) Ltd||020 7426 9000|
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