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Showing 1 - 10 of 34 results for "Statutory NPAT"

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... 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 and increased remediation provisions, resulting in a $49 million ...

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
... announced mandate loss of $4.3 billion," Vernon said. The group's underlying NPAT was up 6.5% to $196 million. Statutory NPAT was $265 million, bolstered by $245 million following the sales of AMP Capital and SuperConcepts. "We have repositioned ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... $102.4 million, up 45% on FY22, and underlying platform EBITDA of $85.1 million, up 37% on FY22. It also recorded a statutory NPAT of $38.2 million in FY23, up 160% from the previous year. Meantime, total funds under administration (FUA) rose 23% to ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... revenues rose 8% to $73.3 million in the period, underlying net profit after tax trended down 4% to $15.1 million. Statutory NPAT was also down 7% year on year to $12.3 million. "Our focus will remain on generating inflows through organic and inorganic ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... an underlying Net Profit After Tax (NPAT) of $112 million, closely mirroring its 1H22 performance. AMP posted a statutory NPAT of $261 million for 1H23, marking a decline from the $469 million observed in 1H22. The previous corresponding period's ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... period. Its underlying net profit after tax came in at $13 million, up 2.5% on the prior corresponding period. Its statutory NPAT was $7.6 million, accounting for costs associated with acquiring AET and its technology investment program. Meanwhile, the ...

HUB24 grows FUA to $73bn

ANDREW MCKEAN  |  TUESDAY, 21 FEB 2023
... net profit after tax (NPAT) grew 87% to $26.6 million and underlying EBITDA was $49.9 million, up 68% on 1H22. Statutory NPAT was $15.5 million, an 85% increase, including $2.8 million (after tax) of strategic and project costs. Earnings per share rose ...

Fiducian expands adviser base, increases FUA

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... capture the ESG segment. The group's underlying net profit after tax dipped 9% to $7 million year on year, while statutory NPAT dropped 17% to $5.5 million. The ASX-listed firm now has 181 staff in total, with four new offices opening in South Australia ...

Magellan reports NPAT, FUM slide

CASSANDRA BALDINI  |  WEDNESDAY, 17 AUG 2022
... end it was $60.2 billion. This is as a result of both outflows and investment performance. Magellan reported its statutory NPAT increased 44% to $383.0 million from $265.2 million in 2021. In a statement, it said the directors declared a dividend of ...
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