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Showing 941 - 950 of 6744 results for "Profit"

Bravura appoints chief executive

ANNABELLE DICKSON  |  WEDNESDAY, 25 AUG 2021
... become. I have no doubt that Bravura's future remains very bright," Klim said. In its full-year results, Bravura's net profit was down 14% to $34.6 million and its revenue was down 11% to $243 million. EBITDA was also down 15% to $49.3 million. The decrease ...

Dealer group awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 AUG 2021
... characteristics over 11 years and that's what the numbers are proving." He added that he is pleased with the revenue and profit growth of companies in the Insync Megatrends portfolio. "This means we often blend well with high-growth managers who are ...

ClearView offloads advice unit

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
ClearView is divesting its financial advice business for $15.2 million to another ASX-listed firm. Centrepoint Alliance will acquire ClearView subsidiaries ClearView Financial Advice (CFA), Matrix Planning Solutions and LaVista Licensee Solutions. The ...

Elston hires head of philanthropic services

JAMIE WILLIAMSON  |  WEDNESDAY, 25 AUG 2021
... ago. With 20 years' experience in financial services and philanthropy, Chenoweth has a deep understanding of the not-for-profit sector and social investment and is a passionate contributor to community and social change, Elston said. Elston co-founder ...

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... firms operating in Australia, Sequoia holds about 25% of the market and wants to increase this to 50% by June 2022. Net profit after tax for the group jumped 187% to $5.5 million.

VGI Partners posts $43m in June half profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
The $3.2 billion Sydney boutique posted statutory net profit after tax of $43 million for the six months ending June. VGI Partners' normalised NPAT was $42.9 million for the June half and deducts unrealised fair value gains on investments and adds ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
E&P Financial Group posted a statutory loss of $18.8 million for FY21, as its ASIC settlement hit both profits and the final dividend for the year. The company's net revenue for the year was $187.9 million (2% lower than FY20) driven by lower contribution ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... will become the largest players based on assets under management (see Figure 1). While it may seem like it is the not-for-profit (NFP) super fund sector that faces the most regulatory and political pressure to merge, it is however the retail sector that ...

HUB24 profits, inflows rise

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
HUB24 recorded significant growth in its underlying net profit as inflows continued to rise following the acquisition of Xplore Wealth and Ord Minnett's Portfolio Administration and Reporting Service (PARS). In its full-year results, HUB24 reported ...

Investment scams set to double

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
Australians have lost over $70 million to investment scams in the first half of 2021, a figure that is expected to double by the end of the year with increased reports of cryptocurrency scams, imposter bond scams and Ponzi schemes, according to the ...