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Showing 811 - 820 of 6836 results for "Tax"

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... sinking revenues and profits in the last financial year of $167.1 million, down 14% year on year, and a statutory loss after tax of $17 million. Several challenges negatively impacted the group's financial performance, which includes regulatory investigations ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... annually, or a cumulative $397 billion by 2050, without changing contribution rates or creating uncertainty through additional tax increases. "The amount of superannuation benefits left each year as a bequest would be halved by 2060, ensuring superannuation ...

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
... 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 of the decrease ...

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 ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... PIMCO funds, which includes $393.7 million in interest securities and $19.7 million in cash. Life insurance net-profit after tax rose 38% year on year to $40.4 million. ClearView's 24.4% holding in Centrepoint earned it $700,000. While the group earned ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
According to a Mercer report, superannuation tax concessions for median income earners costs less than the future Age Pension savings from super. The Mercer Rethinking super tax concessions report shows under a model where individuals benefit from superannuation ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
HUB24 has reported underlying net profits under tax of $58.8 million, up 64% from the year prior, and a 15% increase in the number of advisers on its books. Reporting to the ASX today, the platform has also had an underlying group EBITDA of $102.4 million ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled 42.5 cents per security ...

Foresters Financial launches tax-effective education bond

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
Foresters Financial has rolled out a new education bond, offering a tax-effective avenue for families to save for their children's education. The education bond operates under a "scholarship plan" framework, allowing bond administrators to benefit from ...