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Standard Life Investments annual profits up 55%

British financial services provider Standard Life Investments has reported pre-tax profits of GBP96.4 million for the year ended December 31, 2007, a 55% increase from GBP65 million reported for the same period of 2006, according to The Scotsman.

Standard Life’s earnings before interest and taxation increased 16% to GBP70.9 million for 2007. Total revenues increased 9% to GBP264.8 million in 2007 from GBP242.5 million in 2006. The UK institutional sales increased to GBP3.9 billion in 2007, an 18% increase, compared with the same period of 2006.

Third-party net investment sales increased to GBP7.3 billion in 2007, an increase of 23% over the 2006 figure.