Janus' 4Q Earnings Soar 249% to $37.7%

Janus Capital Group reported Thursday that its fourth-quarter profits rose 249% to $37.7 million on revenue of $241.2 million.

The company said strong revenue and asset flows led to the sharp improvement in profits.

For the full year, profits rose 52% to $133.6 million, up from $87.8 million in 2005.

“We believe the firm is very well positioned as we exit 2006,” said Gary Black, CEO of Janus. “We believe we have to get to a positive net flow position on our Janus-managed products, and we are hoping to do that by year-end.”

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