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Showing 11 - 20 of 209 results for "NPAT"

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
... advisers indicated they will look to move elsewhere in the next 12 months. Elsewhere, the group reported a net profit after tax (NPAT) of $51 million, up 39% year on year, driven by gains made in divesting Australian Executor Trustees as well as stabilised ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... shareholders for their support throughout my time as chief executive," he said. Meantime, Platinum reported a 20% drop in its NPAT for FY23 which came in at $80.85 million. The asset manager saw a 4.9% drop in its FUM which came to $17.3 billion for ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... year to $40.4 million. ClearView's 24.4% holding in Centrepoint earned it $700,000. While the group earned an underlying NPAT of $34.5 million, its reported NPAT sank 19% to $17.1 million year on year.

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... strategic focus which has been in the pipeline over the last year, it added. Meantime, Centrepoint Alliance recorded a 3% drop in NPAT which came to $6.3 million for FY23 million down from $6.5 million in the prior year. Gross revenues were up by $43.1 ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... $102.4 million, up 45% on FY22, and underlying platform EBITDA of $85.1 million, up 37% on FY22. It also recorded a statutory NPAT of $38.2 million in FY23, up 160% from the previous year. Meantime, total funds under administration (FUA) rose 23% to ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... hefty CHESS replacement costs. The securities exchange finished the financial year with an underlying net profit after tax (NPAT) of $491.1 million, marking a 3.4% decline. ASX chair Damian Roche said the last financial year had been difficult following ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... revenues rose 8% to $73.3 million in the period, underlying net profit after tax trended down 4% to $15.1 million. Statutory NPAT was also down 7% year on year to $12.3 million. "Our focus will remain on generating inflows through organic and inorganic ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... The announcement came after AMP unveiled its 1H23 results, whereby the company reported an underlying Net Profit After Tax (NPAT) of $112 million, closely mirroring its 1H22 performance. AMP posted a statutory NPAT of $261 million for 1H23, marking a ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... earned were also relatively steady at $58.2 million, delivered by 11 out of 15 affiliates. Pinnacle's share of affiliate NPAT was $67.4 million, down 11% from $75.7 million year on year. Pinnacle's affiliates are Aikya, Antipodes, Coolabah, Firetrail ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
Link Group has advised investors it expects to post a $417.7 million loss for FY23, largely the result of its issues in the UK. In April, Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its ...