Man Group's profits up under IFRS
Hedge fund operator announces restated figures
Hedge fund operator Man Group has announced that pre-tax profits would have
been up from £789m to £863m under new international financial reporting
The provider of alternative investment products restated its 2005 figures
today in a stock exchange announcement.
Changes came about as a result of changes to goodwill amortisation, dividend
timing and pension scheme accounting changes, the Man Group said.