Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 209 results for "NPAT"

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... from $260 million to $256 million. A similar loss was experienced last year, as Clime's statutory net profit after tax (NPAT) slid to $236,000 from $445,000 in the six months to December 2022. However, Clime did note that, during the March quarter ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... lending and financial services licensing and compliance. Enva reported FY22 revenue of $1.8 million and net profit after tax (NPAT) of $0.4 million. As part of the acquisition, TIP will claim a 100% stake in both Enva Australia Pty Ltd and Enva Holdings ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
Clime Investment Management's statutory net profit after tax (NPAT) slid 47% on the back of integration costs and investors won't receive an interim dividend, as it plans for more M&A activity. Clime's NPAT has slid to $236,000 from $445,000 in its ...

Perpetual profits halve post-Pendal deal

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
Perpetual has reported a slump in its net profit after tax (NPAT), which now sits at $26.8 million for the six months through to December 31, down from $59.3 million the prior year. It explained FY23 NPAT includes significant items relating to the transaction ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant increase on the prior corresponding period. It was largely the result of offloading Australian ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... period. Its underlying net profit after tax came in at $13 million, up 2.5% on the prior corresponding period. Its statutory NPAT was $7.6 million, accounting for costs associated with acquiring AET and its technology investment program. Meanwhile, the ...

HUB24 grows FUA to $73bn

ANDREW MCKEAN  |  TUESDAY, 21 FEB 2023
... administration and reporting services (PARS) decreased to $17.2 billion at 31 December 2022. Underlying net profit after tax (NPAT) grew 87% to $26.6 million and underlying EBITDA was $49.9 million, up 68% on 1H22. Statutory NPAT was $15.5 million, an ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
AMP is set to pay a dividend of 2.5c per share after reporting a statutory net profit after tax (NPAT) of $387 million, its first since the Royal Commission came to an end. It marks a significant turnaround for the wealth giant, having last year reported ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... million, with the higher earnings driven by strong book growth from the Life business. However, statutory net profit after tax (NPAT) of $123 million was down 56%. Challenger's assets under management (AUM) were $99 billion, up 1% in the half, but down ...

Fiducian expands adviser base, increases FUA

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... capture the ESG segment. The group's underlying net profit after tax dipped 9% to $7 million year on year, while statutory NPAT dropped 17% to $5.5 million. The ASX-listed firm now has 181 staff in total, with four new offices opening in South Australia ...