Janus Capital Group's printing business, Rapid Solutions Group, did not do so well in the fourth-quarter of 2005, causing the firm's overall net income to unexpectedly drop 41%. However, for the first time in five years, the firm finished the year off with positive inflows, according to Reuters.
Janus reports that its net income was $10.8 million on revenue of $225.2 million for the fourth quarter of 2005, down from $18.2 million on revenue of $221.5 million for the fourth quarter of 2004.
The net income for Janus' printing business was $33.3 million, not counting one-time items.
Janus reported a net income of $87.8 million for the full year on revenue of $868.3 million, as opposed to 2004 when the firm reported net income of $169.5 million on revenue of $921.8 million.
Average assets under management were up 5.6% from the third quarter. The firm had net outflows of $20.6 billion in 2004 and finished 2005 with inflows of $2 billion.