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Showing 1 - 10 of 12 results for "Group profits"

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year. The firm's assets under management increased to $938.3 billion, up 7% from 31 March 2023, but primarily due to favourable ...

Bell Financial Group profits up 44%

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
Bell Financial Group this morning said its net profit after tax for 2020 increased 44% to $46.7 million for the year ending December. The unaudited results precede the results announcement coming in February. Revenue increased 18% to $299 million. Earnings ...

Perpetual profits dip, investments down 29%

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... underperformed and had to hand back institutional money. Perpetual Investments, which is the biggest contributor to group profits, reported 29% lower profit before tax at $32.6 million. "The [investment] business was challenged by market uncertainty ...

Platinum's AUM and profit take a hit

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
... more than US$100 million in January 2017, to have "long lead times" for it to become a meaningful contributor to group profits. Revenue of $161.8 million ($147.2 million are management fees) decreased by 16% on the previous corresponding period, while ...

IRESS profits up 28%

LAURA MILLAN  |  WEDNESDAY, 25 FEB 2015
... in Australia and internationally, as the regulatory and business landscape continues to change." IRESS reported group profits of $50.67 million, up 109% from the year before. The company distributed a final dividend of 25.5 cents per share (up 9.2% from ...

Suncorp chief executive to depart

ALEX BURKE  |  THURSDAY, 12 FEB 2015
... has confirmed reports he will leave the company by the end of 2015. The news was delivered as Snowball announced group profits were up net 15% to $631 million. Profit was mostly driven by Suncorp's general insurance arm, but its life insurance business ...

Dai-ichi Life expands US, Asia Pacific presence

ALEX BURKE  |  TUESDAY, 27 JAN 2015
... strategic growth platform in the North American region, achieving further growth and making enhanced contributions to Group profits." Dai-ichi's Asia Pacific regional headquarters were established in Singapore in October 2014 and will commence operations ...

Bendigo Wealth plays part in group profits

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
The recently formed Bendigo Wealth made a 14% contribution to Bendigo and Adelaide's $342 million full year profit for 2010/2011. The wealth management division was officially launched in April, offering margin lending, cash, investment, managed fund ...

BT Group profits rise $29 million

ALISON BEVEGE  |  WEDNESDAY, 4 MAY 2011
BT Financial Group's profits rose by 14 per cent to $243 million in the six months to March - a stellar result driven by an improvement in the funds management business, Westpac Group said today. The wealth management firm's $29 million rise in economic ...

Macq to sell investment lending arm

MICHELLE BALTAZAR, MICHAEL HOBBS  |  FRIDAY, 26 SEP 2008
... the investment lending business, which takes up $3 billion in the accounts, contributes less than one per cent of group profits. Meanwhile, David Curry, St.George Bank general manager of margin lending and direct shares, said the prospects of its margin ...
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