Equity Trustees profit down 19.1 per cent
Equity Trustees has continued to struggle in the tough market conditions, recording a 19.1 per cent decline in net profit after tax of $4.1 million for the six months to December 31 last year.
The diversified financial services house told the Australian Securities Exchange today that the decrease in profitability had occurred due to the continuing reduction in worldwide investment values and general slowdown in business activity.
However, it claimed the operating business of Equity Trustees had continued to perform well due to an absence of debt, four strong business units in key markets and careful management of expenses.
The ASX announcement said it was anticipated that the interim fully franked dividend would be maintained at 50 cents per share, something which would be confirmed later this month.
AUTHOR
Mike Taylor
Recommended for you
In this week’s episode of Relative Return Unplugged, Dr Vladimir Tyazhelnikov from the University of Sydney’s School of Economics joins the show to break down the shifting sands of global trade dynamics and attempt to understand the way US President Donald Trump is employing tariffs.
In this week’s special episode of Relative Return Unplugged, we present shadow treasurer Angus Taylor’s address at Momentum Media’s Election 2025 event, followed by a Q&A covering the Coalition’s plans for the financial services sector.
In this week’s episode of Relative Return Unplugged, AMP chief economist Shane Oliver joins the show to unravel the web of tariffs that US President Donald Trump launched on trading partners and take a look at the way global economies are likely to be impacted.
In this episode of Relative Return, host Laura Dew is joined by Andrew Lockhart, managing partner at Metrics Credit Partners, to discuss the attraction of real estate debt and why it can be a compelling option for portfolio diversification.
