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Showing 351 - 360 of 6744 results for "Profit"

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
Generation Development Group's (GDG) underlying net profit after tax rose 55% to $11.2 million in FY24. Its subsidiary, Generation Life, chief executive Grant Hackett said FY24 proved to be another year of outperformance for the company, "surpassing ...

Pengana losses up 789% in FY24, revenues rise

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... (PCG) has reported a significant increase in losses for FY24 compared to FY23 - up 789%. The company reported underlying profit before tax of $2.4 million and a loss from ordinary activities after tax of $4.3 million for the year. Pengana's revenues ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... writedown on J O Hambro and Thompson, Siegel, and Walmsley and Pendal integration and strategic review costs. Underlying profit came in at $206.1 million, up 26% on FY23. Perpetual attributed this to stronger earnings in its wealth management and corporate ...

WAM Active returns 30%, beats indices

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
... 35, and 24 deals respectively. WAA reported revenues of $13.7 million, up nearly 50% year on year. Meanwhile, operating profit after tax of $8.3 million rose 43% from $5.8 million. Pre-tax NTA grew 22.4% year on year. Oberg noted the absence of IPOs ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... its management ranks, the licensee and adviser services division managed to report a 27% rise in revenue and operating profit growth of 91%. Sequoia liquidated its troubled advice firm Libertas Financial Planning last year, which failed to pay an Australian ...

360 Capital returns to profit in FY24

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... hopes that it will be even more sustainable as the bottom of commercial real estate nears. The group made a statutory net profit of $0.3 million, leaving behind a massive $20.8 million loss in FY23, which was plagued by revaluations and the mark to market ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... FY24. Corporate and superannuation trustee services account for 41% of revenue at $72 million. EQT's statutory net profit after tax was up 10% to $20.7 million. Funds under management, administration, advice, and supervision grew 27% year on year ...

AOF sells another asset, flags delisting

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... million statutory loss in the half-year to December 2023, driven by a property devaluation of $30.8 million. It made a $979 profit in the prior corresponding period. AOF has dodged takeover attempts over the last few years. Aliro Group withdrew in 2022 ...

Pacific Current sees profits up 24%

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
Pacific Current Group (PAC) saw funds under management grow 18% to $42.5 billion for the full year ended June 30. Boutique Contributions, ex mark-to-market adjustments, grew 16% driven by a 23% growth in management fee-related revenues. In addition ...

Prime Financial revenue grows 21% to $41m

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Prime Financial Group has reported a 21% increase in revenue, reaching $40.8 million, bolstered by strong growth in its wealth business. The company remains on track to achieve its goal of $50 million in group revenue by FY25, with plans to double that ...