Perpetual suffers profit slide
Perpetual has reported a 29 per cent decline in net profit for the year attributable to members to $128,813,000.
The company announced to the Australian Securities Exchange that while revenue from ordinary activities and excluding revenue from structured investments had increased by 6 per cent, profit after tax and before gains realised on the sale of investments and exact market cash fund losses were down 8 per cent.
AUTHOR
Mike Taylor
Recommended for you
In this episode of Relative Return, host Maja Garaca Djurdjevic chats with Chris McGibbon, global head of real estate at Nuveen, about the long-term outlook and why the “knife has stopped falling” in property.
In this new episode of The Manager Mix, host Laura Dew speaks to Nick Paul, institutional portfolio manager at MFS Investment Management to delve into everything small and mid-cap equities.
In this episode of Relative Return, host Laura Dew chats with Kellie Wood, head of fixed income and deputy head of fixed income and multi-asset at Schroders Australia, to discuss why fixed income is returning to favour after a 12-year wait.
In this episode of Relative Return, host Laura Dew speaks with Michael Hunstad, deputy chief investment officer and chief investment officer of global equities at Northern Trust Asset Management, to debunk myths around index investing.
