London funds house Jupiter reported a rise in revenue and profits in 2007, according to accounts filed last week, despite the onset of the credit crunch halfway through the year.

Jupiter Unit Trust Management, which looks after Jupiter's retail funds business, reported a 24% rise in revenues to £247m (€313m) at the end of December, compared with £199m a year earlier. Its profits before tax rose to £83m, compared with £60m the previous year, a rise of 38%.