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Showing 1261 - 1270 of 6842 results for "Tax"

VGI Partners posts $43m in June half profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
The $3.2 billion Sydney boutique posted statutory net profit after tax of $43 million for the six months ending June. VGI Partners' normalised NPAT was $42.9 million for the June half and deducts unrealised fair value gains on investments and adds ...

VGI Partners global LIC posts 25.6% returns

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
VGI Partners Global Investments reported a net profit after tax of $153.9 million and portfolio returns of 25.6% for FY21. The LIC targets 10-15% p.a. through the cycle and holds a concentrated long and short portfolio, with the top five holdings accounting ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... Future Fund (which Bragg says can be done by Future Fund acquiring the Commonwealth Superannuation Corporation) and a new tax structure within Future Fund, which doesn't have to pay taxes. The paper goes on to refer to Grattan Institute's Brendan Coates ...

Perpetual LIC turns around performance

ANNABELLE DICKSON  |  FRIDAY, 20 AUG 2021
... delivered a negative net profit in FY20 at -$0.4 million and $15.2 million in FY19. For FY21, PIC recorded operating profit before tax of $152.9 million. PIC will pay a fully franked final dividend of 2.8 cents per share, bringing the total dividend ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... $19.1 billion to over $100 billion. Overall, the firm saw revenue rise 5.9% year on year to $101 million. Net profit after tax increased 12.1% year on year to $21.5 million. "The results were achieved even as we continued to invest in the high growth ...

SelfWealth reports 135% revenue increase

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
... next financial year its focus will launch live pricing, instant deposits and a desktop US refresh. It also plans to improve tax reporting and enter new global markets. SelfWealth will implement cryptocurrency trading in financial year 2022, if regulatory ...

Perpetual hires distribution lead, ramps up expansion

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... expectations. While its AUM was 8% higher year on year, revenue of $165.7 million was down 5% and underlying profit before tax of $42.2 million saw a 24% decline. "While it has been disappointing to see continued net outflows during the year, it was ...

Pinnacle hires from Schroders

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... global equities boutique partner Antipodes had investment staff in London. PNI reported a 108% increase in net profit after tax to $67 million in FY21, after strong inflows and good performance. Its boutique partners' total FUM at June end was $89.4 ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that applies to companies ...

Advised clients 5.2% better off

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... prevent behavioural mistakes (2%); advise on appropriate asset allocation (1.1%); optimise cash holdings (0.6%); and advise on tax-effective investing and planning (1.5%). Russell Investments director and head of business solutions Bronwyn Yates said ...