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Showing 1251 - 1260 of 6746 results for "Profit"

Actuary of the Year named

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
The Actuaries Institute has announced the winner of its prestigious Actuary of the Year award. Jennifer Lang has taken home the honour for 2020. Lang was recognised for leading the Actuaries Institute's COVID-19 response. The Actuaries Institute COVID-19 ...

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation. IOOF announced its Bridges business will be transformed into a fully salaried network, while it ...

Earnings season worst on record: CommSec

ANNABELLE DICKSON  |  MONDAY, 31 AUG 2020
... of the 137 ASX 200 companies that have reported full-year results, only 75% of reported managed to produce a statutory profit. This is the weakest outcome in CommSec's history of earnings season reporting with aggregate full-year earnings down 38% on ...

ESG investors overreact to negative news

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
... considerations," she writes. In light of this, it gives traders the opportunity to buy these stocks at a discount and then sell at a profit. Firms that had positive ESG news were found to be underperforming the market at the end of the observation window. ...

Challenges on the horizon for CountPlus

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
CountPlus recorded an increase of net profit after tax to $5.95 million in FY20 from $3.68 million ahead of future challenges to its Count Financial business. The accounting firm increased its cash to $21.11 million, up from $8.5 million in the preceding ...

Industry fund adds to board

KARREN VERGARA  |  FRIDAY, 28 AUG 2020
A $5.2 billion profit-to-member superannuation fund has appointed a new director to its board. Allison Harker joins the board of Prime Super as a director, bringing with her financial services, human resources and primary industries expertise. Her early ...

No bonus again for Platinum's Clifford

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... June 2019 to $23.7 billion at this June end. Total revenue was $298.7 million (0.2% lower than previous year) while net profit attributable to members was $155.6 million (1.3% lower). "It has been a somewhat challenging year for Platinum Asset Management ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
The long-run rise in household indebtedness has increased concerns about the risks this poses globally to banking sectors and economies more broadly, according to the Reserve Bank of Australia. In a new paper titled How Risky is Australian Household ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... tough trading conditions and increased regulatory costs. Compared to last year Link posted a 12% fall in statutory net profit, a 27% fall in operating net profit after tax and a statutory net loss after tax of $114 million. Link Group reported revenue ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
... the six months to June 30 compared to the previous corresponding period. VGI Partners this morning reported statutory net profit after tax of $3.6 million for the six months ending June 30, compared to $20.6 million for the half year ending 30 June 2019. ...