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Showing 491 - 500 of 3400 results for "Revenue"

Australian Ethical hits $9.2bn, focus turns to back-office

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... the first half, adding $1.93 billion of FUM and 28,000 new superannuation members. Australian Ethical's operating revenue increased 15% to $81.1 million, attributed to a higher average FUM after the SFT with Christian Super, solid investment performance ...

SuperConcepts to take over AET platforms clients

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
Equity Trustees has inked a deal with SuperConcepts to ensure the clients of Australian Executor Trustees' platforms business continue to receive specialist administration services. When EQT acquired AET from Insignia Financial last year, it flagged ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
Legacy issues and ongoing structural changes continue to plague E&P Financial Group as it looks for better performance under the new chief executive in FY2024. The ASX-listed firm reported sinking revenues and profits in the last financial year of $167.1 ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
Following the recent decision to overhaul its advice model, Insignia Financial will now consolidate its client engagement teams to create a Client Wellbeing division as it prepares for the post-Quality of Advice Review world. Within its FY23 results ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Platinum Asset Management chief executive Andrew Clifford has announced he will vacate the top job but remain as co-chief investment officer. The board confirmed it will shortly commence the hunt for Platinum's next chief and said Clifford will ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... announced a slight increase of 2% on its normalised EBITA which shifted to $6.9 million from $7.06 million. Meantime, net revenue jumped by 19% to $37.61 million from $31.61 million in 2022 and it announced total dividends for the year of 5.5 cents per ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
As the former ClearView chief takes over as chair of the group, the new loan will fuel its commitment to accelerating growth through mergers and acquisitions. After seven years at the head of the table, Alan Fisher is stepping down as chair of Centrepoint ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... expense; however, its burden lessens with the introduction of superannuation tax concessions. Without these concessions, tax revenue during retirement would be greater, as both investment earnings and the Age Pension would be taxed. Mercer senior partner ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... and a review of pricing to be recognised in the full year results for 2023 and in FY24," he explained. "Despite this, revenue increased in a challenging macro environment while EBITDA was impacted by cost pressures, including a significant uplift in ...