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Showing 1161 - 1170 of 6746 results for "Profit"

US analysts fail to add value

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
In a study of 3.8 million analyst forecasts in 45 countries between 1994 and 2019 it has been found that US analysts fail to outperform on average. The research paper, titled Analyst Recommendations and Anomalies Across the Globe by Victor Azvevedo ...

Kogan execs chase big bonuses

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... high as $25. In its full year results, the company reported revenue of $497.9 million, up 13.5% year on year, and a gross profit of $126.5 million, up 39.6% year on year.

Sequoia reveals strategic plans

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... Larsen said. Further to this, Sequoia provided an update on its FY2021 budget metrics where it is aiming to increase net profit after tax from $1.9 million in 2020 to $2.85 million. In the longer term, the group hopes to increase revenue to $400 million ...

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
The Australian Bureau of Statistics (ABS) has reported a large uptick in the number of Australians finding their way back into the workforce with 178,000 jobs added in October. "Today's job numbers confirm that Australia's economic recovery ...

Generation flags Ascalon closure

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... will dissolve Ascalon. "This has been a successful investment from a shareholder's perspective in that we will have made a profit of over $1 million after taking into account the investment made in the business," Generation chair Rob Coombe said. Despite ...

Fintechs to merge

ANNABELLE DICKSON  |  WEDNESDAY, 18 NOV 2020
... super data for over 15% of Australia's working population. It powers digital platforms for a government super fund, a profit-for-member super fund and a retail super fund helping their clients comply at a lower cost whilst enabling them to explore ...

Super fund increases premiums

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
... and income protection earning $75,000 per year can expect an increase in total premiums of about $8.92 per week. "As a profit-for-members fund, we don't increase premiums unless we absolutely have to," the super fund told members. "We regularly review ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
A profit-for-member super fund is providing a tax rebate for members who choose an account-based pension. Intrust Super's introduction of the Pension Transfer Bonus (PTB) is aiming to help members increase their retirement balances if they choose ...

Former HESTA chair joins Assemble

ELIZA BAVIN  |  TUESDAY, 17 NOV 2020
Build-to-rent developer Assemble announced a newly formed board with a former HESTA chair appointed as independent chair. Two AustralianSuper executives have also joined the board. Angela Emslie will take on the role with the new-look board also comprising ...

CountPlus to continue acquisition spree

ANNABELLE DICKSON  |  MONDAY, 16 NOV 2020
The ASX-listed advice and accounting group has confirmed it will continue to carry out its extensive growth strategy with further "tuck-in" acquisitions. Speaking at the company's annual general meeting, CountPlus chair Ray Kellerman said the "considerable ...