Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 571 - 580 of 6744 results for "Profit"

Strategic reset delivers for Count

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... 19%, and a significant jump in adviser numbers. In "a year of transformation", Count reported a very slight decline in net profit after tax, coming in at $5.1 million. This was the result of $1.7 million worth of impairments and write downs, one of which ...

Top global trends impacting portfolio construction

CASSANDRA BALDINI  |  TUESDAY, 29 AUG 2023
... the amount of money we have at risk to technological disruption is greater than the amount of money you have a risk to profit." He clarified that the sum of money within Silicon Valley venture capital similar to the value of one to two super funds. "It's ...

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
... impact of the discontinued international business on 2022, Praemium's underlying earnings were up 41%. Meantime, its net profit after tax was $15.2 million. The investment platform now has $44.0 billion in funds under administration (FUA), up 9% on the ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... latest to join forces with Link. RSS earned an 8.3% increase in revenue during the period of $554.1 million. Operating profit of $118 million was up 11% year on year. The UK strategy continues to progress to plan with RSS now administering approximately ...

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

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... flows and its successor fund transfer (SFT) with Christian Super. In an ASX announcement, the company reported underlying profit after tax (UPAT) of $11.8 million, representing a 15% increase on the previous financial year. Financial year results also ...

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
... About 2% of advisers indicated they will look to move elsewhere in the next 12 months. Elsewhere, the group reported a net profit after tax (NPAT) of $51 million, up 39% year on year, driven by gains made in divesting Australian Executor Trustees as ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... caused by an annual net distribution outflow of $400 million. Revenues fell by 6.6% to $216.4 million, while the group's profit before tax was $116.8 million for the year, which is a $29.9 million decrease from the previous year. It said the main cause ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Diverger's net profit after tax dropped by 24% to $2.83 million in FY23 on the back of mergers and acquisitions - something it will continue to pursue. Reporting to the ASX, Diverger announced the completion of four acquisitions and projected collectively ...