The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 61 - 70 of 263 results for "NPAT"

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON | THURSDAY, 15 FEB 2024

... with $4.5 billion in outflows seen in global equities. Despite the outflows, Magellan reported a 24% increase in statutory NPAT, coming in at $104.1 million. Adjusted NPAT came in at $93.5 million, down 5%. Operating expenses for the funds management ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA | WEDNESDAY, 14 FEB 2024

... per adviser and practice of $1.75 million is above industry norms, he said. Overall, the advice unit recorded an underlying NPAT loss of $47 million, about a 31% improvement on the prior corresponding period. The six months saw AMP settle the Buyer of ...

Challenger overhauls IT, awards mandate

KARREN VERGARA | TUESDAY, 13 FEB 2024

... inflows of $6.5 billion and market performance. The group's net income rose 9% to $447 million, while its normalised NPAT of $201 million was up 20% year on year.

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA | FRIDAY, 2 FEB 2024

... steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake in OpenInvest. The current valuation is now only about ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON | THURSDAY, 24 AUG 2023

... 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 well as stabilised ...

Platinum AM chief executive steps down

CASSANDRA BALDINI | THURSDAY, 24 AUG 2023

... shareholders for their support throughout my time as chief executive," he said. Meantime, Platinum reported a 20% drop in its NPAT for FY23 which came in at $80.85 million. The asset manager saw a 4.9% drop in its FUM which came to $17.3 billion for ...

ClearView reset pays dividends

KARREN VERGARA | WEDNESDAY, 23 AUG 2023

... year to $40.4 million. ClearView's 24.4% holding in Centrepoint earned it $700,000. While the group earned an underlying NPAT of $34.5 million, its reported NPAT sank 19% to $17.1 million year on year.

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI | WEDNESDAY, 23 AUG 2023

... strategic focus which has been in the pipeline over the last year, it added. Meantime, Centrepoint Alliance recorded a 3% drop in NPAT which came to $6.3 million for FY23 million down from $6.5 million in the prior year. Gross revenues were up by $43.1 ...

HUB24 profits surge 64%

CHLOE WALKER | TUESDAY, 22 AUG 2023

... $102.4 million, up 45% on FY22, and underlying platform EBITDA of $85.1 million, up 37% on FY22. It also recorded a statutory NPAT of $38.2 million in FY23, up 160% from the previous year. Meantime, total funds under administration (FUA) rose 23% to ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN | THURSDAY, 17 AUG 2023

... hefty CHESS replacement costs. The securities exchange finished the financial year with an underlying net profit after tax (NPAT) of $491.1 million, marking a 3.4% decline. ASX chair Damian Roche said the last financial year had been difficult following ...

PAGE:

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

Videos

Brought to you by

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Strength amid noise

A guaranteed future

The market has changed. The opportunity hasn't.

Follow the leaders

Maintaining a fundamental focus in a world obsessed with the short term

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE