Acquisitions helped Aberdeen Asset Management to produce revenue ahead of expectations in the year to September although exceptional costs, including integration expenses, redundancies and goodwill write-offs, led to a bottom-line loss.

Pre-tax profits at Aberdeen before exceptionals were up 37% at £48.2m (€77.1m), and chief executive Martin Gilbert has pushed up his dividend by 10.5% to 10.5p. The dividend remains covered 1.5 times, even after exceptional reorganisation costs totalling £11m. However, the goodwill charge relating to acquisitions, plus dividend payments, leads to a bottom-line loss of £3.9m.