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Showing 521 - 530 of 5112 results for "Results"

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... in nation building projects that benefit the broader economy. "Those opportunities to achieve a double dividend - good results for super funds and members and good results for our nation - can only enhance the ability of super to meet its core objective," ...

AOF sells Sydney property for $80m

JAMIE WILLIAMSON  |  FRIDAY, 17 FEB 2023
... independent valuer to shave $16 million off its value when reviewing several other assets. AOF will announce its half-year results on February 2023. Its share price rose slightly today, up almost 5% at time of writing to $1.71.

GQG Aussie inflows up, total FUM slumps

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
... decline across the board. Total assets under management slumped 3.5% to US$88 billion ($128bn), according to full-year results ending December 2022 released this morning. The decline transpired to the bottom line as net profit dropped 22% year on year ...

Australia survives global pension rout

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... years, DC assets have grown at a rate of 7.2% per annum, outpacing the 4.4% per annum growth of DB assets. Explaining the results, Thinking Ahead Institute head Marisa Hall stated that last year, the world experienced a confluence of risks that combined ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... 12 months to December 31 and challenging market conditions, creating headwinds for allocation to equities. Despite the results, Magellan chief executive and chief investment officer David George said the group now has a well-defined and actionable five-year ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... program, as is the $350 million on-market buyback the group is currently undertaking. AMP's share price reacted to the results, dipping 12% to $1.15 at time of writing.

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
Challenger had an increase in net profit before tax despite a significant drop in statutory net profit after tax due to negative market movements. Challenger's 1H23 net profit before tax (NPBT) rose 5% to $250 million, with the higher earnings driven ...

Reporting season may prove dramatic: UBS

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
... nuanced," said UBS equity strategist Richard Schellbach. "This means that the company-specific news that emerges though a results period becomes more valuable than ever." The investment giant said it predicts 2023 is likely to be a far more fruitful ...