Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 871 - 880 of 6888 results for "Tax"

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. ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... management unit, assets under management dipped 9% to $95 billion. Overall, the group reported statutory net profit after tax of $288 million, which grew 13% year on year, and paid a 24 cent per share dividend, up 4% on last year.

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... the Fiducian Growth Fund in a bid to "pre-empt the government's proposed $3 million cap to superannuation balances for tax concession". Fiducian grew its funds under management advice and administration (FUMAA) by 13% to $12.3 billion. While revenues ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... respectively. The announcement came after AMP unveiled its 1H23 results, whereby the company reported an underlying Net Profit After Tax (NPAT) of $112 million, closely mirroring its 1H22 performance. AMP posted a statutory NPAT of $261 million for 1H23 ...