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Showing 1101 - 1110 of 2132 results for "Financial Year"

Fiducian reports 22% profit boost

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2016
Fiducian Group has announced a 22 per cent increase in its underlying net profit after tax for the 2016 financial year, totaling $7 million. Despite a year of uncertainty, the wealth management firm also announced a 16% increase in funds under management ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
Magellan Financial Group has seen its net after tax profit increase 14% to $198.4 million in the last financial year. Funds under management rose 11% to total $40.5 billion at 30 June with 83% of assets in global equities and 17% in infrastructure equities. ...

K2 hurt by Brexit call

DARREN SNYDER  |  WEDNESDAY, 10 AUG 2016
... all of its funds. Five of the six funds K2 manages underperformed against respective benchmarks during the past financial year. The ASX-listed K2 Australian Small Cap Fund produced the only positive result, a 9.6% outperformance compared to the Small ...

CBA posts record profit despite dip from wealth division

MARK SMITH  |  WEDNESDAY, 10 AUG 2016
... investigation. Commonwealth Bank ranked outright number one for retail customer satisfaction for each month during the financial year, and ranked first or equal first in all key segments of business customer satisfaction at year end. Wealth Management ...

ANZ nine-month cash profit down

KERRIE SYDEE  |  TUESDAY, 9 AUG 2016
ANZ Bank's third quarter cash profit for the financial year was down 3% to $5.2 billion as bad debt continues to claw at profits. The group highlighted an increase of 5% in profit before provisions, with income increasing at a quicker rate than expenses. ...

Super funds return three per cent

MARK SMITH  |  TUESDAY, 9 AUG 2016
... combined with the positive return in the period March to May, the rolling 12 month performance for the 2015-16 financial year was a positive 2.9%. The monthly fall in superannuation performance in June was driven by a fall in both Australian and international ...

WAM Research achieves record outperformance

MARK SMITH  |  MONDAY, 8 AUG 2016
... officer Chris Stott said the company's research driven investment process delivered strong stock selection during the financial year. "The 25.5% increase in the investment portfolio was achieved with an average 39% cash weighting and an average 61% exposure ...

Keybridge chair ousted in Bentley coup

ALEX BURKE  |  TUESDAY, 2 AUG 2016
Keybridge Capital's chair has departed following the extraordinary general meeting triggered by Bentley Capital. In Andrew Moffat's wake, Bentley nominees Simon Cato and William Johnson have been appointed to the board, and deputy chair Bill Brown has ...

Half of SMSFs set for super change slug

MARK SMITH  |  FRIDAY, 29 JUL 2016
... would have been affected by one or more of the proposed superannuation changes, had they been in place for the 2015 financial year. SMSFA chief executive Andrea Slattery said the SMSF sector likely provides the best opportunity for members to get a good ...

Economic Wrap

ALEX DUNNIN  |  WEDNESDAY, 27 JUL 2016
... (CEFC) has committed a record $837 million to new investments in the Australian clean energy sector in the 2015-16 financial year, contributing to projects with a total value of $2.5 billion. The CEFC's investment commitments since its inception in 2013 ...