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Showing 81 - 90 of 209 results for "NPAT"

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
Link Group has posted disappointing FY20 results across the board weighed down by tough trading conditions and increased regulatory costs. Compared to last year Link posted a 12% fall in statutory net profit, a 27% fall in operating net profit after ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
... the $4.05 billion ethical investment manager reports a stellar full year financial result, including a record 46% lift in NPAT to $9.5 million, as well as record net inflows up 100% to $660 million. "These are excellent full year results but they only ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
... $3.6 million for the six months ending June 30, compared to $20.6 million for the half year ending 30 June 2019. Normalised NPAT (that adds back amortisation of the VG1/VG8 IPO costs and unrealised fair value losses) was $9.9 million, down from $24.2 ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
HUB24 revealed it signed 105 new licensee agreements during the last financial year, as it reports an underlying NPAT of $10.1 million, up 49% on FY19. It also reported that its revenue had lifted 37% compared to the previous financial year, to hit ...

Iress posts mixed half year results

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... 14% decrease in net profit after tax at $26.3 million from the previous corresponding period. Iress noted the decrease in NPAT was due to the impact of operating losses in acquired businesses and the increase in annual leave expenses. However, the company ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... under management for FY20 was $7.3 billion (up 84.4%) after net inflows of $2.8 billion (up 312%). This translated into an NPAT of $43.8 million and total income of $123.9 million. It has the seventh-largest share of the platform market by FUA at 3.6% ...

FSU wants CBA to up pay

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
... divestment of its wealth business. Cash net profit for the bank took a hit of 11.3% compared to FY19 at $7.29 billion. Statutory NPAT increased due to gains on sale from divestments, up 12.4% to $9.63 billion.

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... from the ATO (that gives it an idea of the taxation) and is in talks with other regulators. Magellan Financial Group's NPAT for FY20 stood at $396.2 million, up 5% from previous year. Adjusted NPTA was $438.3 million, up 20%. In total, Magellan attracted ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... the impact of the pandemic. Cash net profit after tax took a hit, down 11.3% compared to FY19 at $7.29 billion. Statutory NPAT increased due to gains on sale from divestments, up 12.4% to $9.63 billion. The bank declared a final dividend of 98 cents ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... statutory net loss for FY20, as its investments fell by $750 million during the COVID-19 pandemic. The -$416 million statutory NPAT is a stark contrast to previous years, where it reported $308 million in FY19 and $323 million in FY18. Normalised NPAT ...