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Showing 551 - 560 of 6766 results for "Profit"

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... improved products and services to assist members to build their wealth and quality of life in retirement. "As a not-for-profit fund, we ensure all our decisions are made in the best financial interest of our members," he said. "We have a track record ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Division, which operates BT Panorama, Westpac Pacific, margin lending, and retail auto finance, contributed $605 million in profit. Since its formation in May 2020, the division divested 10 business units. This year, it divested BT's personal and ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... million increase in its 2023 half-year statutory loss and a $169 million decrease in its full-year loss. Further, the 2024 profit and loss projection was trimmed by $169 million; these revisions will be disclosed in financial reports for the periods ...

Macquarie appoints Byres, half-year results decline

KARREN VERGARA  |  FRIDAY, 3 NOV 2023
... group's operating income was down 25% year on year to $7.8 billion, while the bottom line sunk 39% to $1.4 billion The net profit for Macquarie Asset Management (MAM) declined a whopping 71%, contributing just $401 million to the pot. "The decrease ...

Prosperity merges with accounting firm

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
Prosperity Advisers Group has merged with a Brisbane-based accounting and advisory firm. Prosperity has joined forces with Brisbane-based P+Y Accountants and Business Advisors. P+Y Accountants partners Brenden Yantsch and David Pennell and a team of ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... licensee's Australian financial services (AFS) licence," it said. The ultimate penalty for each failure to lodge a profit and loss statement and balance sheet, as well as an auditor's report with the profit and loss statement and balance sheet, is ...

High-performing firms reveal strategies behind success

KARREN VERGARA  |  FRIDAY, 27 OCT 2023
... macroeconomic environment. The 2023 Financial advice benchmarking report defines a high-performing firm as one that generates a profit margin of 56% (before owner salaries) compared to 44% in other firms, while an owner earns gross profit of $809,163. ...

TelstraSuper launches retirement product

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... managing director Nick Hamilton said the group is delighted to be partnering with the fund, particularly given it is the first profit-to-member guaranteed lifetime income stream to launch under the Retirement Income Covenant. "This innovative partnership ...

Morningstar eyes super space with new hire

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... services, Hoven is set to further expand and enhance Morningstar's offerings in the superannuation market, extending to profit-to-member funds. He boasts an "extensive track record" of scaling wealth-focused businesses, from nurturing start-ups to spearheading ...

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
After nearly 12 years, HUB24 non-executive director and chair Bruce Higgins has informed the board of his plans to retire. As such, a replacement has been appointed. Higgins has served as chair since October 2012, and during his tenure saw the platform ...