Janus Posts Strong Quarter, With Net Income of $130M
August 2, 2004
Janus Capital reported a significant second quarter jump in income to $130.2 million from $47.5 million during the same quarter in 2003, according to a recent filing.
Janus' balance sheet this quarter was buoyed by the sale of Janus' last remaining 9% stake in DST Systems.
Operating income from the investment management division rose to $79.4 million from $79.6 million during the same period last year. Newly seated Janus Chairman Steve Scheid attributed the stronger earnings to competitive fund performance, administrative changes and finalizing settlements with regulators.