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| | | ... outperformance to our clients," Waked said. Releasing its earnings this morning, Magellan reported a 2% increase in net profit after tax, coming in at $177.9 million as at June 30. The Funds Management business saw profits before tax of $158.3 million ... |
| | | | Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ... |
| | | | ... ASX-listed firm's total revenue was stable at $250.4 million but managed to haul itself out of the red to report net profit after tax of $8.8 million, a turnaround from the $280.7 million loss in FY23. Its aggressive transformation strategy has resulted ... |
| | | | ... Super Bill, particularly regarding the proposed taxation of unrealised gains. The controversial legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million from 2025-26. The Labor government has said the change would only impact ... |
| | | | Challenger reported a normalised net profit before tax (NPBT) increase of 17% to $608 million and raised its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT ... |
| | | | ... managing director Keith Cullen said revenue for the underlying business grew 15% to $185.1 million, while net profit before tax (NPBT) jumped 51.4% to $4.4 million in the year to June. Statutory NPBT is expected to be $4.8 million. "Significantly, in ... |
| | | | ... prior corresponding period. Netwealth's total income reached $255.2 million, up 18.9%, while statutory net profit after tax rose 24.1% to $83.4 million. "We have expanded and strengthened our new adviser and licensee relationships, plus our new business ... |
| | | | ... advocacy body has recommended that $750 million of the revenue generated be allocated to increase the Low-Income Superannuation Tax Offset (LISTO) threshold from $37,000 to $45,000, as well as raising the maximum payment from $500 to $700. It said this ... |
| | | | ... of goods in the US will go higher. US inflation would likely be higher, both from imported inflation and demand pull from tax cuts," he said. "Higher inflation rates in the US would also likely push up interest rates, and the global cost of capital given ... |
| | | | ... charities to be nominated as beneficiaries of superannuation savings, and introducing 'living bequests' through which a small tax incentive is given for a larger binding request in future. If the rate and value of charitable bequests rose to just 3% ... |
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