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Showing 471 - 480 of 3418 results for "Revenue"

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
Praemium's stock tumbled following a projected revenue margin decline and higher operating costs announced at yesterday's 2023 annual general meeting. The wealth platform updated its financial outlook indicating that its average revenue margin ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... the WTL umbrella. Upon completion, expected in December, WTL anticipates the acquisition will add over $50 million in revenue, approximately $4.5 million in gross profit, and more than $500,000 in net profit before tax to the group on an annualised basis. ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... robo-adviser boasted that as it continues to diversify offerings, its EBITDA margins sit above 40% and is on track to grow revenue by over 140% in 2023. It has expanded its digital advice offering into cash management, lending, and most recently, lower-risk ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... regime would support the government's fiscal position, by lowering government Age Pension outlays and raising new tax revenue, by almost $1 billion in the next decade, without having to raise new taxes on superannuation consumers," Briggs added. ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... with its strategic pillars. "Post the transaction, the combined group is expected to have a better diversification of revenue. We remain focused on closing out the transaction and Count is on track in progressing with the various documentation and procedural ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... one-off unfranked dividend of 13 cps. ANZ chief executive Shayne Elliott said the robust annual outcome, marked by record revenue and cash profit after a series of transformative years, has empowered the bank to persist in supporting customers and enhancing ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
The Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income ...

Centrepoint Alliance acquires Financial Advice Matters

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
... 1450 clients and operates eight offices throughout Queensland. FAM has over $1 billion in funds in advice and generated revenue of $6.1 million in FY23. Centrepoint Alliance predicted the advice firm will contribute around $1.1 million to $1.5 million ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
The newly appointed executive chair of Magellan Financial Group played down the risk of the company collapsing and admitted that the fund manager is an attractive takeover target as he faced tough questions at today's annual general meeting. Andrew ...

NAB commits to $1bn of lending to boost First Nations businesses

CASSANDRA BALDINI  |  TUESDAY, 31 OCT 2023
... an estimated 16,000 Indigenous businesses in operation. These businesses collectively manage over $10 billion in annual revenue and employ more than 70,000 workers. NAB added the Indigenous business sector is forecasted to grow by 4% compared to 3% for ...