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Showing 431 - 440 of 3400 results for "Revenue"

Prime to acquire boutique fund manager

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... payable. This is subject to Altor achieving an annual EBITDA of $700,000 over a three-year period. Altor earns an annualised revenue of about $1.8 million. Altor operates three strategies: the Alpha Fund, AltFi Income Fund and Emerging PIPE Fund. Prime ...

Sequoia strikes deal to acquire Clique Paraplanning

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
Sequoia Financial Group has acquired the business assets of Clique Paraplanning in cash on an earn out revenue multiple of about one. According to an ASX announcement, the deal comprised of $150,000 in cash and $60,000 in shares. The earn out and final ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... standouts included Aikya tripling its FUM to $4.5 billion and Longwave quadrupling assets to $700 million. The group's revenue grew 4% year on year to $23.7 million, while net profit after tax was steady at $30.2 million. As flagged in early January ...

REITs primed for investor cash amid uncertainty

CHLOE WALKER  |  FRIDAY, 2 FEB 2024
... visible cash flows from staggered lease renewals phased over multiple years," Rush said. "This should buffer against sharp revenue declines, drawing investors to these long duration stocks as interest rates peak on more visible signs of an economic slowdown." ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... biological or chemical weapons." "The Sustainable Growth investment option does not invest in companies that derive 5% or more revenue from military weapons production, civilian firearm production or retailing." Brighter Super has received seven member ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... applicable to long-term assets, benefiting over 810,000 people in 2020-21. This tax relief saw a substantial uptick in revenue forgone due to heightened capital gains realisations between 2021 and 2022. Treasury found that over 1.5 million taxpayers ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... however, Lee and Chunga knew or were reckless in not knowing that HyperFund was a pyramid scheme and had no real source of revenue other than funds received from investors," the SEC said. HyperFund collapsed in 2022 and investors were no longer able ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
... under the current legislated tax cuts compared to 2023-24 settings," Treasury said. It calculated the tweaks as "broadly revenue neutral" and does not expect them to aggravate inflation. A worker earning $40,000 would receive a $654 tax cut but is not ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... Commission Act and the Corporations Act. Under the proposed legislation, entities who meet two of the three criteria - revenue of $500 million or more, assets of $1 billion or more and employees of 500 or more - will begin mandatory reporting from July ...

JANA wins another NFP mandate

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
... rings true for most NFP organisations whose investment strategies need to be deeply aligned to their mission and generate revenue streams that support them in their long-term success." Last year, New Zealand-based Community Trust South picked JANA to ...