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Showing 131 - 140 of 263 results for "NPAT"

ME Bank profits rise in FY20

ELIZABETH MCARTHUR | THURSDAY, 17 SEP 2020

... Bank has managed a positive full year result with the bank determined to stick to its simple model. The bank had a statutory NPAT of $80.8 million in 2020, up 20% on last year's results. Its underlying NPAT was up 24% to $123.9 million. The bank's portfolio ...

IOOF posts profit, restructures business

ELIZA BAVIN | MONDAY, 31 AUG 2020

... a $10 million per annum saving on a run-rate basis as a result of these changes. In addition, IOOF reported an underlying NPAT of $48.4 million for its financial advice business and $58.1 million from its portfolio and estate administration business. ...

Evans Dixon reports $30.5m loss

KANIKA SOOD | FRIDAY, 28 AUG 2020

The firm posted a statutory loss of $30.5 million for a year that included job cuts, leadership changes and troubles with its American real estate fund. Evans Dixon's net revenue for FY20 was down 10% to $191.8 million, which it attributed to softer ...

Heine family sells Netwealth shares

KANIKA SOOD | THURSDAY, 27 AUG 2020

... stock," IFM Investors investment director, active equities Reuben De Barros said. Netwealth last Tuesday posted underlying NPAT of $43.8 million for FY20 and gave guidance for $8 billion (or about 25% higher) funds under administration for FY21. The ...

Link suffers in COVID environment

ELIZA BAVIN | THURSDAY, 27 AUG 2020

Link Group has posted disappointing FY20 results across the board weighed down by 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 ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY | WEDNESDAY, 26 AUG 2020

... the $4.05 billion ethical investment manager reports a stellar full year financial result, including a record 46% lift in NPAT to $9.5 million, as well as record net inflows up 100% to $660 million. "These are excellent full year results but they only ...

VGI Partners profits tumble

KANIKA SOOD | TUESDAY, 25 AUG 2020

... $3.6 million for the six months ending June 30, compared to $20.6 million for the half year ending 30 June 2019. Normalised NPAT (that adds back amortisation of the VG1/VG8 IPO costs and unrealised fair value losses) was $9.9 million, down from $24.2 ...

HUB24 reports record results

ALLY SELBY | TUESDAY, 25 AUG 2020

HUB24 revealed it signed 105 new licensee agreements during the last financial year, as it reports an underlying NPAT of $10.1 million, up 49% on FY19. It also reported that its revenue had lifted 37% compared to the previous financial year, to hit ...

Iress posts mixed half year results

ANNABELLE DICKSON | THURSDAY, 20 AUG 2020

... 14% decrease in net profit after tax at $26.3 million from the previous corresponding period. Iress noted the decrease in NPAT was due to the impact of operating losses in acquired businesses and the increase in annual leave expenses. However, the company ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD | TUESDAY, 18 AUG 2020

... under management for FY20 was $7.3 billion (up 84.4%) after net inflows of $2.8 billion (up 312%). This translated into an NPAT of $43.8 million and total income of $123.9 million. It has the seventh-largest share of the platform market by FUA at 3.6% ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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