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Showing 71 - 80 of 263 results for "NPAT"

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA | MONDAY, 14 AUG 2023

... revenues rose 8% to $73.3 million in the period, underlying net profit after tax trended down 4% to $15.1 million. Statutory NPAT was also down 7% year on year to $12.3 million. "Our focus will remain on generating inflows through organic and inorganic ...

AMP provisions $50m in response to class action

ANDREW MCKEAN | THURSDAY, 10 AUG 2023

... 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, marking a ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA | FRIDAY, 4 AUG 2023

... earned were also relatively steady at $58.2 million, delivered by 11 out of 15 affiliates. Pinnacle's share of affiliate NPAT was $67.4 million, down 11% from $75.7 million year on year. Pinnacle's affiliates are Aikya, Antipodes, Coolabah, Firetrail ...

Link Group to cop $418m loss

JAMIE WILLIAMSON | THURSDAY, 3 AUG 2023

Link Group has advised investors it expects to post a $417.7 million loss for FY23, largely the result of its issues in the UK. In April, Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its ...

Clime outlines growth focus, wins mandate

CHLOE WALKER | WEDNESDAY, 26 APR 2023

... from $260 million to $256 million. A similar loss was experienced last year, as Clime's statutory net profit after tax (NPAT) slid to $236,000 from $445,000 in the six months to December 2022. However, Clime did note that, during the March quarter ...

TIP Group to acquire advice firm

CASSANDRA BALDINI | TUESDAY, 7 MAR 2023

... lending and financial services licensing and compliance. Enva reported FY22 revenue of $1.8 million and net profit after tax (NPAT) of $0.4 million. As part of the acquisition, TIP will claim a 100% stake in both Enva Australia Pty Ltd and Enva Holdings ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI | MONDAY, 27 FEB 2023

Clime Investment Management's statutory net profit after tax (NPAT) slid 47% on the back of integration costs and investors won't receive an interim dividend, as it plans for more M&A activity. Clime's NPAT has slid to $236,000 from $445,000 in its ...

Perpetual profits halve post-Pendal deal

CASSANDRA BALDINI | THURSDAY, 23 FEB 2023

Perpetual has reported a slump in its net profit after tax (NPAT), which now sits at $26.8 million for the six months through to December 31, down from $59.3 million the prior year. It explained FY23 NPAT includes significant items relating to the transaction ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON | THURSDAY, 23 FEB 2023

... also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant increase on the prior corresponding period. It was largely the result of offloading Australian ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON | THURSDAY, 23 FEB 2023

... period. Its underlying net profit after tax came in at $13 million, up 2.5% on the prior corresponding period. Its statutory NPAT was $7.6 million, accounting for costs associated with acquiring AET and its technology investment program. Meanwhile, the ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

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 | 12:34PM

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 | 12:17PM

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 | 12:29PM

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.

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