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Showing 391 - 400 of 6766 results for "Profit"

Iress earnings up 52% to $67m

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
... and asset base, refocus on core businesses, and manage non-strategic businesses for value. Iress posted a statutory net profit after tax (NPAT) of $17.3 million for 1H24 compared to a $139.8 million loss in the prior corresponding period. The increase ...

MLC Asset Management names director of institutional distribution

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
MLC Asset Management has appointed a director of institutional distribution and consultant relations. Former Schroders Investment Management head of intermediary sales Ian Anderson is the new hire. Anderson previously led a sales team at Schroders ...

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
Bell Financial Group posted a net profit after tax of $16.6 million for the half year to June 30, a 50% increase on the prior corresponding period, while revenue rose to $138.7 million, up 18.3%. The diversified financial services and wealth management ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... corresponding period, largely driven by the exchange's markets, and technology and data businesses. Underlying net profit after tax (NPAT) was down 3.4% to $474.2 million. Statutory NPAT, however, increased as the massive loss of $176.3 million was ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... outperformance to our clients," Waked said. Releasing its earnings this morning, Magellan reported a 2% increase in net profit after tax, coming in at $177.9 million as at June 30. The Funds Management business saw profits before tax of $158.3 million ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... Verve, are supporting the campaign, which is spearheaded by fintech trading platform, SIX. SIX has teamed up with not-for-profit group Alliance for Gambling Reform (AGR) to put pressure on Seven West and Nine executives to ban gambling ads. This follows ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Bravura Solutions returned to profit in the 2024 financial year following a "difficult year" but flags it is not done with its cost-cutting strategies. The ASX-listed firm's total revenue was stable at $250.4 million but managed to haul itself out of ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
Independent MPs have called for urgent amendments to the Better Targeted Super Bill, particularly regarding the proposed taxation of unrealised gains. The controversial legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million ...