Aberdeen Asset Management, the largest listed money manager in UK, registered excellent profit in the first half of the fiscal. The profit in the first six months of the fiscal was reported up by more than 200% compared to the same period last year. Aberdeen said that the excellent result in the first half was mainly attributable to the increased fee income in the period.

Aberdeen said that the pretax profit was reported of £59.5 million for the first half ended March 31, 2010. The first half profit was reported up by 230% compared to £17.9 million reported in the same period last year. On the other hand, underlying profit in the first half was reported of £92.6 million.

Aberdeen said that total funds under management at March 31, 2010 were reported of £170.9 billion, increasing by 77% while these were reported of £96.3 billion at the same time last year.

Aberdeen said that its clients had taken money out of lower margin fixed income business and moved into better paying products in its first six months of the fiscal. The asset manager said this move of the clients led to a rise in fee income of the company. Aberdeen said it expects fee income of £26 million for the full year. Aberdeen also said that it decided to pay an interim dividend of 3.2p a share, a 14% increase on last year.