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Showing 101 - 110 of 209 results for "NPAT"

Magellan hires Macquarie insto head

KANIKA SOOD  |  MONDAY, 11 NOV 2019
... investment trust for its high conviction strategy and is working on a retirement income product. Magellan Financial Group reported NPAT of $377 million for FY19, up from $212 million last year.

Bravura signs with major fund administrator

ELIZABETH MCARTHUR  |  THURSDAY, 3 OCT 2019
... strong performance across all business divisions. Group revenue for the full year increased by 16% to $257 million, with an NPAT of $32.8 million - up 21% year on year. Wealth management revenue increased 14% to $176 million, while the funds administration ...

IOOF completes Ord Minnett sale

JAMIE WILLIAMSON  |  TUESDAY, 24 SEP 2019
... acquiring J.P. Morgan's 30% stake in the business. Unaudited figures show it contributed $11 million to IOOF's underlying NPAT in the 11 months to 31 May 2019.

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... Walls has been hired as the group's new chief people officer to help accelerate the cultural change process. Statutory NPAT of $28.6 million was down 67.7% year on year, which includes the provision for financial advice remediation. Total funds under ...

Midwinter acquired by Bravura

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... strong performance across all business divisions. Group revenue for the full year increased by 16% to $257 million, with an NPAT of $32.8 million - up 21% year on year. Wealth management revenue increased 14% to $176 million, while the funds administration ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... in performance fees, which is more than double the performance fees they collected last year. Overall, the group reported NPAT of $377 million for FY19, up from $212 million last year. Adjusted revenue was $577 million and adjusted NPAT was $364 million ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... made up of superannuation, investment, retirement and insurance products and financial planning, turned in $413 million in NPAT, down 42% year on year.

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... made up of superannuation, investment, retirement and insurance products and financial planning, turned in $413 million in NPAT, down 42% year on year. Funds management, which comprises Colonial First State, Commonwealth Financial Planning (CFP) and ...

IOOF divests Ord Minnett stake

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... deliver better outcomes for our clients and members." Unaudited figures show it contributed $11 million to IOOF's underlying NPAT in the 11 months to 31 May 2019. Mota added: "Ord Minnett is a high quality business and has been successfully led by its ...

Consolidation hits super fund administrators

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
... not disclose how much its earnings will be directly affected by the reforms, but forecasted that its full-year operating NPAT will be lower, and will fall between $195 million to $205 million (FY18: $206.7m). Earnings will also take a hit as a result ...