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Showing 1031 - 1040 of 3401 results for "Revenue"

Iress wins mandate

KANIKA SOOD  |  MONDAY, 20 JUL 2020
... operating remotely. It's been a great experience." Iress reported $65.1 million in net profit after tax and operating revenue of $508.9 million for the twelve months ending December 2019. Earlier this month, the company announced its group executive ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... performance, most funds will deliver modest or no growth in assets and all funds in Australia will experience a decline in revenue during the financial year. "Australia's superannuation system is confronting its biggest challenge ever as it attempts ...

Chief economist update: China recovery would have been good for Oz

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
... news.com.au: "It's been estimated that 260,000 Chinese students enrolled in Australia bring in about $12 billion a year in revenue alone, while the tourism sector is worth about $55 billion." Before the second wave's outbreak in Victoria, tour ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
Three of the United States' biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... year. He sees it as a cross-over opportunity to its superannuation product, which is a bigger contributor to combined revenue. "Our single strongest growth in super growth is coming via Voyager customers," Moore said. "Superannuation remains a very important ...

Westpac names chief financial officer

ELIZA BAVIN  |  TUESDAY, 14 JUL 2020
... roles," King said. "In particular, Michael's expertise in business restricting, delivering sustainable productivity and revenue programs and in disciplined financial management will be an important contributor to making Westpac a simpler and stronger ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... total global fiscal support so far has been split almost evenly between above-the-line - measures with a direct effect on revenue and expenditure such as deferral of taxes and cash transfers- and below-the-line support, which includes public sector loans ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... problem facing funds is the cost of delivery of this service and the heavy compliance risks. These costs usually exceed any revenue from the service which means they are subsidised by other members." Rice Warner said despite this, members are still hesitant ...

US surpasses Asia Pacific for HNWI growth

ELIZABETH MCARTHUR  |  FRIDAY, 10 JUL 2020
For the first time in eight years, more high net worth individuals (HNWI) emerged in North America than in the Asia Pacific region. This is according to the World Wealth Report 2020, produced by Capgemini. HNWI wealth and population grew by almost 9% ...

First State to dump $40m of thermal coal holdings

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... Australian equity portfolio, with BHP making up the largest exposure (5.8%). Businesses that derive more than 10% of their revenue from thermal coal mining will be excluded from First State Super's investment remit over the coming months, as part ...