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Showing 1111 - 1120 of 6747 results for "Profit"

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 ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
The investment manager recorded a marginal increase in statutory net profit after tax (NPAT) to $222.8 million, up $2.4 million on the previous corresponding period in its half-year results. On a normalised basis, NPAT dropped by 29% to $136.8 million ...

Aware to focus on unlisteds over equities

ELIZA BAVIN  |  TUESDAY, 9 FEB 2021
... very low margins of safety. So, it doesn't seem there is a huge amount of change coming that would really drive some profit being taken, but again I think there is a lot of cash on the sidelines that would likely see some buying if that did occur." ...

Ian Macoun sells $83m of Pinnacle shares

KANIKA SOOD  |  TUESDAY, 9 FEB 2021
... 3, Pinnacle reported 14% year on year growth in its total funds under management to $70.5 billion at December end. Net profit after was up 120% to $30.3 million. PNI shares continued to climb up in the next three trading days, trading in the $9 range ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... doing, which is supporting the economy, giving the economy the support it needs," he said. There will always be pockets of profit-taking on Wall Street but the road to the end of 2021 is looking up, paved by the imperatives of fiscal and monetary pol ...

IOOF subsidiary loses appeal

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
... would explore "all legal options" in appealing the case. IMF is expecting net income of roughly $30.5 million, and a net profit after tax of $28.1 million. IOOF sold the AET corporate trust business to Sargon for $51.6 million in 2018 but retained the ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... 5.5 percentage points. Of the five lowest-performing lifecycle MySuper products, four were retail and one was a not-for-profit (NFP) fund. Of the five top performers, four were NFP funds and one was a retail fund. Despite the current performance figures ...

Pinnacle reports bumper first half

KARREN VERGARA  |  THURSDAY, 4 FEB 2021
... revenues in the Affiliates, at 100%, were also up 18% compared with the PCP," Pinnacle told shareholders. The group's net profit after tax jumped 120% to $30.3 million. Pinnacle said that the strategy it has implemented for several years is working. ...

Euroz expecting spike in NPAT

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
The West Australian diversified financials firm said it expects a 193% pcp increase in its unaudited net profit after tax to $25.1 million in the half ending December 2020. Underlying cash profits after tax were $10.9 million and non-cash (most of it ...