profit

Funds management

Praemium platform inflows up while EBITDA, profit down

Praemium’s platform inflows were up 111% during the FY21 but its profit and EBITDA were down thanks to costs associated with acquiring Powerwrap....

Funds management

Macquarie’s 1H20 net profit down 32%

The firm’s profit hit was notably due to credit and other impairment charges of $447 million as a result of the COVID-19 pandemic....

Funds management

NAB profit down 46.7%

Fee waivers provided due to the COVID-19 pandemic, reduced transaction volumes due to the pandemic, along with increased expenses and credit impairment charges contribute...

Funds management

ANZ profit down 40% for FY20

The bank’s statutory net profit after tax and cash profit have been hurt due to credit impairment charges on the back of the COVID-19 pandemic. ...

Funds management

Iress NPAT down 14%

The technology firm’s profit has taken a hit due to impacts of operating losses in acquired businesses and an increase in annual leave days following the COVID-19 pandemi...

Financial planning

ANZ posts $1.33b profit for 3Q20

The bank will also pay shareholders an interim dividend of 25 cents per share, fully franked, on 30 September....

Funds management

WAM Capital posts 176.9% profit increase

Solid investment portfolio performance during the first half of FY2020 has jumped the firm’s operating profit to $70.4 million....

Financial planning

Westpac profit hit by remediation and planning exit

Westpac’s net profit dropped 16% during FY16 thanks to customer remediation and a reduction in wealth and insurance income....

Funds management

AMCIL reports profit growth

Listed investment company, AMCIL Limited has reported a 42.7 per cent growth in profit in the 2019 financial year....

Financial planning

ANZ posts 14% increase in cash profit

ANZ has signalled few regrets about divesting its wealth management businesses amid confirmation that its ‘transformation program’ has helped drive a solid first half pro...

Financial planning

IRESS reports 10 per cent revenue growth

IRESS has reported a 10 per cent growth in revenue for full year which was helped by the positive contribution to earnings from acquisitions....

Financial planning

Bell reports NPAT up 26 per cent

Financial services group, Bell Financial has reported a 26 per cent increase in net profit after tax for FY2017....

Funds management

Pengana boosts to $12 million

Pengana International Equities Limited (PIA) announces a half year profit of $12 million following new strategies and portfolio repositioning. ...

Financial planning

Fiducian focuses on acquiring more financial planners

Financial services business Fiducian has announced it will intensify its strategy of acquiring financial planning businesses in the second half of this financial year, a...