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Showing 861 - 870 of 6744 results for "Profit"

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... ASX half-year results to December 2021 show modest gains in operating revenue, up 6.6% to $501.4 million and after-tax profit, up 3.5% to $250.3 million.

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... the SIS Act which broaden the type of penalties trustees and directors can incur. "As the fund and PST are operated on a profit-for-member basis, the trustee does not currently hold sufficient capital that could be used to indemnify the trustee, or otherwise ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... group ultimately reported a massive $252 million statutory loss in its full-year financial performance. Underlying net profit after tax, however, was up 53% to $356 million, boosted by AMP Bank earnings and the release of provisions, together with performance ...

CBA posts strong result, dividend

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 FEB 2022
Commonwealth Bank reported first half results for 2022 with profit and dividend up significantly on the first half of 2021. The big bank reported statutory NPAT of $4.7 billion, up 26% on 1H21. Cash NPAT was up 23%, also at $4.7 billion. CBA paid a ...

AIST, MetLife tackle underinsurance issue

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
... underinsurance problem. AIST chief executive Eva Scheerlinck told Financial Standard that this partnership will ensure profit-to-member funds can work towards having a highly informed and connected approach to strengthening insurance inside superannuation. ...

Pinnacle hires retail distribution lead

KARREN VERGARA  |  MONDAY, 7 FEB 2022
... strategic account management. Brookman also spent some time at ING Australia and MLC. Pinnacle recently reported a net profit after tax of $40.1 million in the half-year to December 2021. Total NPAT for the period jumped 32% year on year, with some $6.4 ...

Acquisitions bolster Kelly Partners results

KARREN VERGARA  |  MONDAY, 7 FEB 2022
... increase in revenue to $30.9 million, thanks to its acquisition spree which contributed $4.2 million or 17%. Statutory net profit after tax of $7.1 million grew $14% year on year. This is despite the group raking in $1.3 million in JobSaver payments ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
Magellan chair Hamish Douglass will take a medical leave of absence to prioritise his health after a period of intense pressure, the company has said in a statement to the ASX. The leave of absence comes as Magellan reports a loss of almost $2 billion ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
Magellan Financial Group chair Hamish Douglass continues to take a contrarian stance by shunning "turnaround companies", claiming they make it difficult for fund managers to be profitable. A company in the process of turning around its operations are ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... as a Cayman Islands fund. Pinnacle said closing the affiliate was a "joint decision" and the loss ultimately lowered net profit after tax to $40.1 million in the half-year to December 2021. Total NPAT for the period jumped 32% year on year; some $6.4 ...