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Showing 821 - 830 of 6841 results for "Tax"

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 ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... performance fee revenues of $339.2 million, this was a shadow of the $600.1 million reported in FY22. Statutory net profit after tax of $182.7 million followed a linear trend, down 52%. Magellan's investments in Barrenjoey Capital Partners and FinClear ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... by 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 ...

Dexus reports $752.7m loss

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
... favorable revaluations in the industrial portfolio, which saw an increase of +6.2%. Meanwhile, its operating profit after tax also took a 3% hit to $580 million from $596 million in FY22. "While high inflation and interest rates continue to place pressures ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Retail investors ready to dive back in: Survey

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... pandemics have both fallen by 6%. Other top concerns are cybersecurity (12%), the growing national debt (10%), and Australian tax policy (6%). Interestingly, concerns around the impact of climate change have reduced from 12% last year to 8% this year. ...