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Showing 441 - 450 of 3417 results for "Revenue"

Count posts positive results ahead of Diverger takeover

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
Count Limited (Count) increased its revenues by 6% over the six months to December 31, while increasing its statutory profits by 135%. The group's latest half-year results indicate its underlying EBITA is up by 9% to $5.436 million and statutory profits ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... Insignia's membership contracted 5.7% to lose 113,053 and ended FY23 with 1.86 million members. "Fund growth, assets, revenue and expenses are all heavily influenced by both investments and membership base," said Myers. "At the strategic level, further ...

GQG records US$10bn in inflows, eyes Abu Dhabi office

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... investment team and another great effort from our business team," he said. FUM growth led to an 18.5% increase in net revenue year over year, reaching US$517.6 million in 2023, while net operating income rose by 15.7% to US$384.4 million. "Our financial ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... in terms the number of practices and advisers, but the number of representatives has stabilised year on year. Average revenue per adviser and practice of $1.75 million is above industry norms, he said. Overall, the advice unit recorded an underlying ...

Fiducian reports strong first half, flags growth plans

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
Fiducian reported a 10% increase in revenues and 18% jump in funds under management for the six months to December end, saying it's the result of a disciplined business plan. In its half-year update, Fiducian said its underlying net profit after tax ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... said. Also announcing its 2024 half-year results this morning, Challenger's Life business recorded $5.3 billion in revenue, down 4% on the prior corresponding period. Sales for lifetime annuity, which includes Aware Super's annuity policy valued ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... primarily from reduced trading revenues in North American gas, power, and emissions, alongside a dip in risk management revenue. Macquarie Capital reported 59 global transactions valued at $65 billion in 3Q24, with a notable increase in investment-related ...

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 ...