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Showing 11 - 20 of 166 results for "Cash earnings"

Pengana shutters income-focused fund

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
... Equity Fund after Pengana merged with Hunter Hall. However, this fund aimed to invest in companies with underlying cash earnings yields of at least 6% per annum. The returns have been below the RBA cash rate as well as the ASX 300 Accumulation Index. ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings tumbled 62% to $2.6 billion, which the bank says is attributable to the $1.3 billion penalty to settle the AUSTRAC proceedings. ...

Westpac consolidates international operations

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... Institutional Bank chief executive Curt Zuber said. Westpac is not expecting the changes to have a significant impact on cash earnings but, over time, are expected to help reduce risk-weighted assets by more than $5 billion. "To support this, WIB will ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
Australia's banks have been hit hard by the COVID-19 pandemic, with cash earnings down more than 40% compared to the same time last year. According to EY analysis of Australia's big four banks' half year results, combined cash earnings were ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... banking businesses," King said. The news comes as the group reports statutory profits dropped 62% year on year. Its cash earnings are down $993 million, or 70%, compared to 1H19. This is due in part to an impairment charge of $2.2 billion, including ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... impaired by $815 million, ANZ said. Cash profits also took a hit, down 60% on 1H19, coming in at $1.41 billion. Cash earnings per share sit at 50 cents. The ANZ board has decided to defer the interim dividend until the economic impact of COVID-19 becomes ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... variable reward for the 2020 financial year. It comes as the group announces statutory net profits of $1.3 billion and cash earnings of $1.4 billion - down 51.4% year on year. As a result, the interim dividend has been slashed by 64% to 30 cents per ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... NAB said. "This has resulted in an impairment loss of $214 million (both before and after tax) impacting 1H20 non cash earnings for continuing operations."