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Showing 471 - 480 of 6744 results for "Profit"

JANA wins mandate from public sector super fund

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... trillion. According to research from Rainmaker Information, JANA holds a commanding market share of 42.5% in the not-for-profit super fund sector as of September 2023.

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
In a year deemed challenging by Iress chief executive Marcus Price, the firm saw its net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss for FY23, alongside a decrease in statutory EBITDA from $142.7 million to $89.6 ...

Count posts positive results ahead of Diverger takeover

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... services out of India. The acquisition is expected to complete before March 31. "These results, highlighted by an increase in profit and cash earnings, continue the strong momentum we recorded in the second half of FY23," Humphreys said. "The strength ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... affected," Lane said. A spokesperson for the super fund said it intends to defend the action in the Federal Court. "As a profit-to-member fund, Rest has at all times focussed on the best financial interests of members," the spokesperson said. "Rest's ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... like annual leave loading and overtime. The ruling was announced not long after Commonwealth Bank reported a half-year profit of $4.8 billion. The FSU played a key role in detecting wage theft and holding Commonwealth Bank to account, according to Australian ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... Sophia Rahmani will help steady the ship, as it sharpens its focus on the US and reports a 24% increase in statutory net profit after tax despite plummeting funds under management (FUM). Currently Maple-Brown Abbott chief executive, Rahmani has been ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
The property giant recorded a net loss of $597.2 million, but also managed to secure $9 million in trading profits after tax for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... managed portfolios reached $13 billion in AUM at the end of 2023. The platforms business made $90 million in underlying net profit, up from $65 million year on year. AMP chief financial officer Blair Vernon told the investor briefing this morning that ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
The former director of Reiwa-Capital is facing possible jail time and a hefty fine after he convinced people to hand over more than $400,000 for the purpose of investing before spending it all elsewhere and paying back just 1% of the total to investors. ...

Fiducian reports strong first half, flags growth plans

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... 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 came in 17% higher at $8.2 million. Its statutory net profit after tax was 23% higher at $6.84 million. Contributing ...