This contrasts with its operating loss before tax of £6m in the first half of this year within the wholly owned portion of its Asia and emerging markets business.
The wholly owned Hong Kong business and recently established branches in Singapore and Dubai increased assets under administration by 27% to £274m in the first nine months of this year, from £215m over the same period in 2012.
Sales in Hong Kong rose by 57%, adjusted for currency, to £276m with gross inflows up 29% to £72m, from £56m.
Standard Life is in the process of transitioning further shared functions to Hong Kong, the results statement noted.
The two joint ventures in Asia and emerging markets, HDFC Life in India and Heng An Standard Life in China saw net inflows of £0.2bn (2012: £0.2bn) which came mostly from its strongly performing HDFC Life business.
Assets under administration in the joint venture businesses of £1.5bn ( 2012: £1.5bn) were impacted by adverse foreign exchange movements during the quarter, while gross inflows of £0.3bn increased by 7% compared to the first nine months of 2012.
In Europe, assets under administration for the branches in Germany and Ireland and UK offshore business in Dublin increased by 12% to £15.2bn, helped by net inflows of £0.9bn and positive market movements.
Over 25% of sales in Germany are now unit linked and majority of flows going into Standard Life Investments. The number of IFAs it deals with in Germany also increased, by 13% since Q3 in 2012.
Standard Life’s overall group assets under administration rose 9% to £237.6bn, and fee based revenue increased by 15% to £1,059m (2012: £923m) in the first nine months of the year.
