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Showing 1101 - 1110 of 6745 results for "Profit"

Equity Trustees wins investment mandate

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
Equity Trustees has been appointed as investment manager and philanthropic consultant for a not-for-profit health organisation. Bendigo Community Health Services (BCHS) provides free or affordable healthcare services to communities in the Bendigo region. ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
"Never ask a barber if you need a haircut," Warren Buffett once famously advised. The barber's nod will invariably be met with opposition from shampoo manufacturers. Such is the divide between the Morrison government (the barber) and labour unions ...

Financial sector has deep pockets for philanthropy: Report

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... donated $5 million each. The report calculated how much donations represented as a percentage of the company's pre-tax profit. Coles came out on top, donating $125 million in 2020 or 7.3% of its profit on a rolling three-year basis. Commonwealth ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... now include the management of their investments alongside one of Australia's largest and long-term well-performing profit to member funds, while maintaining full control of their fund's strategy and member and employer relationships," Elia said. ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total average FUM ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
"The circulation of confidence is better than the circulation of money." - James Madison, 4th President of the USA (1809-1817) and Founding Father The Morrison government circulating more money which, according to the Budget Papers 2020-21, amounts ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... dividend payout despite its latest results falling short of expectations. December 2020 half-year results show the bank's net-profit after tax dipped 21% to $4.9 billion on the prior corresponding period. CBA chief executive Matt Comyn blamed the pressures ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
The managed accounts platform has recorded a 113% increase in net profit after tax from the first half of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Oh Nikkei, you're so fine You're so fine you blow my mind, hey Nikkei..." My apologies to Toni Basil for re-wording the lyrics to her 1981 hit "Mickey", but anyone watching the rise and rise of the Nikkei-225 index will understand. The Japanese ...