Janus Capital Group (JNS) has reported 11.97 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $30.90 million, or $0.17 a share in the quarter, compared with $35.10 million, or $0.19 a share for the same period last year. On an adjusted basis, the company has earned $43.80 million, or $0.23 a share for the quarter. Revenue during the quarter grew 3.66 percent to $257.60 million from $248.50 million in the previous year period. Total expenses were 78.53 percent of quarterly revenues, up from 74.81 percent for the same period last year. That has resulted in a contraction of 372 basis points in operating margin to 21.47 percent.
Operating income for the quarter was $55.30 million, compared with $62.60 million in the previous year period.
However, the adjusted operating profit for the quarter stood at $75 million.
Operating cash flow remains negativeJanus Capital Group has spent $50.10 million cash to meet operating activities during the quarter as against cash outgo of $44 million in the last year period. Cash flow from investing activities was $18.10 million for the quarter, down 56.28 percent or $23.30 million, when compared with the last year period.
The company has spent $95.50 million cash to carry out financing activities during the quarter as against cash outgo of $54.60 million in the last year period.
Cash and cash equivalents stood at stood at $358.70 million as at Mar. 31, 2017.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
