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Showing 1 - 10 of 208 results for "NPAT"

Iress share price jumps on takeover rumours

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... laid out plans for the non-performing business units. The 2023 financial reporting period saw Iress' net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss. Iress' share price reached as high as $15.10 in 2021. It resumed ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
Sequoia Financial Group reported an "abnormally high" net profit after tax (NPAT), coming in 4317% higher than the prior corresponding period. However, it also flagged "several" complaints to the Australian Financial Complaints Authority (AFCA) that ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... and reported all its strategic priorities being on-track. The wealth giant has reported underlying net profit after tax (NPAT) of $95.5 million for 1H24, up 1.2% on 1H23. However, its statutory NPAT was impacted by costs related to its ongoing restructure ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
In a year deemed challenging by Iress chief executive Marcus Price, the firm saw its net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss for FY23, alongside a decrease in statutory EBITDA from $142.7 million to $89.6 ...

Link, The Trust Bank progress acquisition

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
Link Group is on track to become part of Mitsubishi UFJ Financial Group (The Trust Bank) by mid-2024, having kicked off work to integrate the businesses. In a trading update this morning, Link said it has filed all major regulatory approval submissions ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... with $4.5 billion in outflows seen in global equities. Despite the outflows, Magellan reported a 24% increase in statutory NPAT, coming in at $104.1 million. Adjusted NPAT came in at $93.5 million, down 5%. Operating expenses for the funds management ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... per adviser and practice of $1.75 million is above industry norms, he said. Overall, the advice unit recorded an underlying NPAT loss of $47 million, about a 31% improvement on the prior corresponding period. The six months saw AMP settle the Buyer of ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... inflows of $6.5 billion and market performance. The group's net income rose 9% to $447 million, while its normalised NPAT of $201 million was up 20% year on year.

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake in OpenInvest. The current valuation is now only about ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
... advisers indicated they will look to move elsewhere in the next 12 months. Elsewhere, the group reported a net profit after tax (NPAT) of $51 million, up 39% year on year, driven by gains made in divesting Australian Executor Trustees as well as stabilised ...
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