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Showing 661 - 670 of 6744 results for "Profit"

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
The Financial Planning Association of Australia (FPA) has voiced concerns over the proposed Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR) legislation. While acknowledging the positive impact of an effective CSLR ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... broking, private lending and financial services licensing and compliance. Enva reported FY22 revenue of $1.8 million and net profit after tax (NPAT) of $0.4 million. As part of the acquisition, TIP will claim a 100% stake in both Enva Australia Pty Ltd ...

Bravura $80m restructure underway

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... revenue dropped 11% year on year to $118.3 million. It made a total loss of $190.9 million after reporting a $15.3 million profit last corresponding period.

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... high inflation and cost of living pressure I'm delighted to announce these reductions to our members," he commented. "As a profit-to-member fund, we are always looking for new ways to provide our members with low fees, competitive products, personalised ...

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
... $0.5 billion in outflows. The unfortunate news for the once prosperous Magellan comes after it reported a statutory net profit after tax of $83.8 million for the second half of 2022. Last month, Magellan chief executive and chief investment officer David ...

Investec Property Fund, Irongate Australia in new JV

CHLOE WALKER  |  FRIDAY, 3 MAR 2023
The South African property giant has announced a 50/50 joint-venture with Irongate Australia, leading to a buyout of the latter's funds management operations from Charter Hall. The agreement includes the Irongate Australia Fund Management team ...

Australian dividends surge in 2022: Report

CASSANDRA BALDINI  |  WEDNESDAY, 1 MAR 2023
Australian dividends rose to a new record last year and investors reaped the benefits taking home a collective $97.7 billion in payouts. According to Janus Henderson, the increase was complemented by an 8.4% rise in global dividends which grew strongly ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... superannuation, they own a disproportionately high share of super savings, representing 13% of all assets in the market. Not-profit super funds, including Australian Retirement Trust, UniSuper, Commonwealth Super Scheme, and BT Super, have the most affluent ...

The traditional CFO is no more: Study

CHLOE WALKER  |  WEDNESDAY, 1 MAR 2023
About 89% of Australian finance leaders believe the industry needs a new breed of chief financial officers. The study, conducted by Sage from January 7 to January 28 of last year, surveyed 1900 finance leaders at organisations with over 1000 employees ...

Diverger highlights M&A progress, pipeline

JAMIE WILLIAMSON  |  MONDAY, 27 FEB 2023
... saying a 13% drop in profits is owed, among other things, to investment in its FY25 strategy. Diverger reported underlying profit of $2.93 million, citing lower revenue growth, challenging market conditions and higher operating costs, reflecting the ...