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Showing 71 - 80 of 209 results for "NPAT"

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... the $35 million price plus the ADI capital requirements via a $100 million distribution in the March quarter. Normalised NPAT for FY21 will be $3 million lower but still within the guidance range of $390 million to $440 million. It expects the bank to ...

IOOF abandons AET sale

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
... Certes Corporation and under a new owner) for $51.6 million. The business contributed $1.1 million to IOOF's underlying NPAT in 2018. IOOF retained the corporate trust business, which provides private client trustee services, estate planning and ...

Connie McKeage to step back at OneVue

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... profit after tax for the three months ending September, compared to $14.6 million in September quarter last year. Year to date NPAT was $40.1 million, down 11% compared to the same period last year. Operating revenue grew 8% during the period to $401.4 ...

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... figure includes its seed investments' movements which were marked-to-market. If it weren't for them, Pendal's NPAT would have stood at $146.8 million or 10% lower than last year. Pendal's average FUM was $94.8 billion (down 4%) and fee ...

Challenger shareholders revolt against remuneration

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... million in statutory net loss for the year, as its investments fell by $750 million during the COVID-19 pandemic. Normalised NPAT was down 14% to $344 million - after deducting for investment experience of $750 million and the $9 million cost associated ...

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... went on extended leave of absence for personal reasons. In its first half results for FY20, Evans Dixon reported statutory NPAT of $2.1 million, down 83% from the previous corresponding period. This year, the ASX-listed URF returned -76.1% in the year ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
... Bank has managed a positive full year result with the bank determined to stick to its simple model. The bank had a statutory NPAT of $80.8 million in 2020, up 20% on last year's results. Its underlying NPAT was up 24% to $123.9 million. The bank's portfolio ...

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... a $10 million per annum saving on a run-rate basis as a result of these changes. In addition, IOOF reported an underlying NPAT of $48.4 million for its financial advice business and $58.1 million from its portfolio and estate administration business. ...

Evans Dixon reports $30.5m loss

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
The firm posted a statutory loss of $30.5 million for a year that included job cuts, leadership changes and troubles with its American real estate fund. Evans Dixon's net revenue for FY20 was down 10% to $191.8 million, which it attributed to softer ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... stock," IFM Investors investment director, active equities Reuben De Barros said. Netwealth last Tuesday posted underlying NPAT of $43.8 million for FY20 and gave guidance for $8 billion (or about 25% higher) funds under administration for FY21. The ...