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Showing 971 - 980 of 3401 results for "Revenue"

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
... income tax of $15 million for the 12 months to June end, down from $53 million the previous year. Meantime, its total revenue and other income decreased to $1.412 billion, down from $1.608 billion the previous year, a 12.2% decline. Australian Unity ...

New research head at Centrepoint Alliance

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
... added net 17 advisers last financial year, taking its total to 317 licensed advisers. It reported $131 million in FY20 revenue (up 11%). The average authorised representative fee of $19,000 increased to an average of $36,000, which offsets legacy rebate ...

Investment consultant adds to insurance team

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... expansion of its insurance focus is in response to the increasingly complex needs of the sector, which is facing lower premium revenue and increased potential claim experience. It said these challenges are exacerbated by COVID-19 leading to further reductions ...

Chief economist update: Is Dan still the man?

BENJAMIN ONG  |  TUESDAY, 8 SEP 2020
Victorian premier Dan Andrews is copping it left, right and centre - citizens, businesses, medical experts, politicians - after dangling and later extending (by another two weeks) the planned September 13 end of lockdown. Already, fresh modelling by ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... margin decline in 2H20, as cost cutting exercises (5-10% drop in platform costs in 2H20) absorbed some of the impact of revenue margin pressure," they said. "The specialist platforms continued to report very strong growth but with better revenue margin ...

Market rebound leaves behind active managers

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... pre-COVID-19 highs, active fund managers continue to struggle with performance and profitability, Deloitte analysis shows. Median revenue for asset managers that invest in publicly traded shares and bonds fell 6.4% in the three months to June, according ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... acknowledged the situation is complicated, choosing not to cast a vote either way. AMP cut BOLR valuations from 4x recurring revenue to a maximum of 2.5x last year. In July, a class action was filed against AMP by its own advisers over the reduction ...

First Sentier takes stake in renewable energy

ELIZA BAVIN  |  TUESDAY, 1 SEP 2020
... to capitalise on California's significant and increasing need for flexible dispatch resources and a strong contracted revenue base, with opportunity for additional value-added contracting, attracted FSI to the opportunity. Jim Pagano, chief executive ...

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation. IOOF announced its Bridges business will be transformed into a fully salaried network, while it ...

Earnings season worst on record: CommSec

ANNABELLE DICKSON  |  MONDAY, 31 AUG 2020
The companies within the ASX 200 index have endured the worst earnings season in over a decade with statutory profits down and increased expenses, according to CommSec. The online broker's latest biannual earnings season report revealed that of the ...