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Showing 271 - 280 of 6766 results for "Profit"

Clime Investment Management lands new strategic partnerships

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... kept the finer details under wraps in its ASX half-year results to 31 December 2024. The company reported an operating profit of $406,000, up 137% from the prior corresponding period, crediting the gain to structural changes implemented in the second ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
ClearView Wealth's profit took a blow with its underlying net profit after tax (UNPAT) down 22% to $15.2 million in the six months to 31 December 2024, saying the slump was due to an "aberration" in the claims experience in the first quarter of FY25. ...

GDG sees profits soar $74m

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
Generation Development Group (GDG) saw net profit after tax jump to $78.9 million in the half year to December 31, up from $4.4 million in the prior corresponding period. The massive jump in profit comes after GDG completed its acquisition of Lonsec ...

Perpetual profits dented after KKR deal goes up in smoke

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
Perpetual's net profit after tax (NPAT) crumbled because of its simplification program, strategic review, and the fallout from its dead KKR deal. Notably, Perpetual's board scrapped the KKR deal earlier this week. However, KKR insists that a ...

Australian Ethical delivers strong half-year results

MATTHEW WAI  |  THURSDAY, 27 FEB 2025
For the half-year ending 31 December 2024, Australian Ethical reported its net profit after tax (NPAT) increased by 50% to $9.3 million. The underlying profit after tax (UPAT) was up 35% to $11.5 million, and as previously mentioned, the ethical manager ...

Property developer, investment firm goes 'all in' on Australia

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
Property development, construction, and investment firm Oreana has launched its investments business to the Australian market, including a new fund. Oreana's funds management business was established in Asia in 2017, but the firm said it's now ...

Platinum rolls out major leadership reshuffle

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
... expense reductions, with adjusted expenses for the December 2024 half year down 18% from the December 2023 half, and a profit margin of 43%. Funds under management as at 31 December 2024 was $11.1 billion, representing a decrease of 15% from the 30 June ...

Monetary policy not the only game in town: Brian Redican

ANDREW MCKEAN  |  TUESDAY, 25 FEB 2025
Mohamed El-Erian, who was chief executive of Harvard's endowment and PIMCO, published The Only Game in Town in 2016, presenting central banks as the key driver of the economic agenda. But now it's governments in the driver's seat, NSW Treasury Corporation ...

AI's big moment? Not this year, says Fidelity

ANDREW MCKEAN  |  TUESDAY, 25 FEB 2025
Artificial intelligence (AI) isn't expected to see its big breakthrough this year. Nevertheless, expectations for returns on capital are at their highest since the pandemic, according to Fidelity International's 2025 analyst survey. AI is expected to ...

Praemium hunts for new chief financial officer

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
... orderly transition." The announcement comes as Praemium also reported its half year earnings. The group saw a statutory net profit after tax of $5.8 million, up 45% to the prior corresponding period. Funds under administration rose 29% to $62.1 billion. ...