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AMP profit dives as advice business sale bites

BY ANDREW MCKEAN | FRIDAY, 14 FEB 2025 12:46PM

AMP's statutory net profit after tax (NPAT) slumped to $150 million in the 2024 financial year, nearly half the previous year's result, which the firm attributed to simplification spend and the sale of its advice business.

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Read more: AMP Bank, Superannuation, Wealth, Alexis George, AMP Capital, AMP North, Financial advice, Platforms, SuperConcepts

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