By Sabela Ojea

Quilter PLC reported on Wednesday a swing to a pretax profit for the first half of 2021 and said assets under management increased.

The FTSE 250 asset manager posted a pretax profit of 27 million pounds ($37.4 million) compared with a loss of GBP25 million for the same period a year earlier.

Total income reached GBP2.84 billion compared with a loss of GBP667 million for the year-earlier period.

Total assets under management increased to GBP126.6 billion from GBP117.8 billion at the end of last year.

The board declared an interim dividend of 1.7 pence a share, up from 1.0 pence for the first half of 2020.

"Quilter remains well positioned in an industry with long-term secular growth prospects," the company said, adding that it is on track to meet its targets.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

08-11-21 0258ET