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Close Brothers full-year operating profit jumps 20 pct

Reuters - UK Focus

Sept 23 (Reuters) - British lender Close Brothers Group Plc reported a 20 percent rise in full-year adjusted operating profit, helped by strong performance at its core banking unit.

Adjusted profit rose to 200.6 million pounds ($328.4 million) for the year ended July 31 from 167.2 million pounds a year earlier.

The financial services provider, which lends to small and medium-sized businesses and gives investment management advice, reported a 15 percent jump in adjusted operating profit in its banking unit and said it saw good demand for property and motor finance.

Close Brothers (LSE: CBG.L - news) raised its final dividend to 32.5 pence per share from 29.5 pence a year earlier.

Shares (Berlin: DI6.BE - news) in the company closed at 1428 pence on Monday on the London Stock Exchange (Other OTC: LDNXF - news) . (1 US dollar = 0.6108 British pound) (Reporting by Roshni Menon in Bangalore; Editing by Gopakumar Warrier)