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Showing 451 - 460 of 6744 results for "Profit"

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... and remove unprofitable ones. Practices must also focus on the profitable client relationships that demonstrate a solid profit margin above the cost to serve. Among the transactions that took place in 2023, the number of investors taking a minority or ...

Centuria raises $50m for new fund

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... January, it bought a $21.5 million greenhouse farm based in South Australia. Centuria reported a drop in operating net profit after tax of $49.4 million in the half-year to 2024 from $58.5 million on the prior period. The group reported assets under ...

Global dividends reached record high in 2023

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
The latest Global Dividend Index by Janus Henderson Investors revealed global dividends experienced an uptick of 5% on an underlying basis, reaching a record of US$1.66 trillion in 2023. The report revealed the year closed on a particularly positive ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... cost-effective ways for funds to find, engage and retain members, so they can drive down their administration fees and return more profit for members," he wrote. He also pointed out that Hostplus misled the government in its submission, which stated ...

The tide is turning for North Asian equity markets: Maple-Brown Abbott

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
Maple-Brown Abbott head of Asia Will Main and Asian equity income portfolio manager Howard Ho are expecting a positive future for Asia's largest equity markets for years to come. Main and Ho said recent attempts to improve corporate governance in Japan ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... of the cash proceeds from the termination." Pendal's parent company Perpetual reported an increase to its underlying net profit after tax and operating revenue in the half-year to December. Underlying profit after tax (UPAT) reached $98.2 million, 46% ...

Iress share price jumps on takeover rumours

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... executive team and laid out plans for the non-performing business units. The 2023 financial reporting period saw Iress' net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss. Iress' share price reached as high as $15.10 ...

Arena welcomes chief investment officer

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... emerge," de Vos said. According to Arena's latest half-year results, the fund manager saw a 3% rise in its net operating profit, driven by like-for-like contracted rental increases averaging 5.4%. However, it saw a dip in its statutory net profit, dropping ...

Iress loses key wealth executive

ELIZABETH FRY  |  FRIDAY, 1 MAR 2024
... business, comes as the firm reported a bottom-line loss of $137.5 million for the 2023 financial year. Iress posted a net profit of $52.7 million the year before. Haqqani has shifted roles three times in as many months as the advice software provider ...